Powered Brands Announces Pricing of $240 Million Initial Public Offering

Powered Brands (Nasdaq: POWRU, the “Company”) announced today that it priced its initial public offering of 24,000,000 units at $10.00 per unit. The units are expected to be listed on the Nasdaq
Capital Market (“Nasdaq”) and trade under the ticker symbol “POWRU” beginning January 8, 2021. Each unit consists of one Class A ordinary share and one-third of one warrant to purchase one ordinary