Telsey Advisory Group initiated coverage on Empower with a new price target
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Telsey Advisory Group initiated coverage of Empower with a rating of Outperform and set a new price target of $15.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/25/2021 | $16.00 | Buy | DA Davidson |
DA Davidson initiated coverage of Empower with a rating of Buy and set a new price target of $16.00
Telsey Advisory Group initiated coverage of Empower with a rating of Outperform and set a new price target of $15.00
The Benchmark Company initiated coverage of Empower Ltd. with a rating of Buy and set a new price target of $15.00
Holley, the leading performance automotive enthusiast platform, will be listed on the New York Stock Exchange under the ticker "HLLY" Holley Inc. ("Holley" or the "Company"), the largest and fastest growing platform in the enthusiast branded performance automotive aftermarket category, today announced the closing of its previously announced business combination with Empower Ltd. ("Empower"), a publicly traded special purpose acquisition company formed by MidOcean Partners. The business combination was approved by Empower's stockholders on July 14, 2021. Holley is a portfolio company of Sentinel Capital Partners, who will continue to have a significant stake in the Company. Beginning July 1
Empower Ltd. (NYSE: "EMPW" "EMPW-UN" and "EMPW-WT") ("Empower"), a publicly-traded special purpose acquisition company, announced today that its shareholders voted to approve the business combination with Holley Intermediate Holdings Inc. ("Holley"). "We are thrilled to reach this important milestone with Holley in the merger process," said Matthew Rubel, Chairman of the Board and Chief Executive Officer of Empower. "The performance automotive aftermarket is vibrant and continues to experience substantial enthusiast and engagement growth, and we look forward to the emerging opportunities ahead with Holley as a public company." Empower held its extraordinary general meeting of shareholders
Empower Ltd. (NYSE: "EMPW" "EMPW-UN" and "EMPW-WT") ("Empower"), a publicly-traded special purpose acquisition company, reminds its shareholders to vote in favor of the approval of Empower's proposed business combination with Holley Intermediate Holdings, Inc. ("Holley"), the largest and fastest growing platform for performance automotive enthusiasts, and the related proposals to be voted upon at Empower's Extraordinary Meeting on July 14, 2021. The Extraordinary Meeting of Empower shareholders to approve the proposed business combination will be held virtually on July 14, 2021 at 10:00 a.m. Eastern Time at the following address: https://www.cstproxy.com/empower/sm2021. Empower's sharehold
Holley, the largest and fastest growing platform for performance automotive enthusiasts, today announced that Vinod (Vinny) Nimmagadda has been appointed Executive Vice President of Corporate Development and New Ventures. Mr. Nimmagadda, an experienced investment banker will serve as a member of the executive leadership team and report directly to President and Chief Executive Officer Tom Tomlinson. "I am pleased to welcome Vinny Nimmagadda as our new EVP," said Tomlinson. "Vinny brings 8 years of M&A experience in the performance automotive aftermarket with specific focus on the enthusiast consumer. His experience and interests mesh nicely with our M&A strategy, consumer focus, and commit