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Lamar Advertising Co.’s newly formed SPAC company, called Lamar Partnering Co., has filed with the SEC for an IPO of $300 million, or up to $345 million if the underwriters’ over-allotment is exercised in full.

The SPAC will look for an acquisition target in the out-of-home advertising, technology and communications sectors, such as billboards and related forms of advertising. This company will not compete with Lamar’s REIT-focused ‎acquisition strategy.‎

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