Big Cypress Acquisition Corp. Announces Closing of $115 Million Initial Public Offering, which Includes Full Exercise of the ...
14 Gennaio 2021 - 6:10PM
Big Cypress Acquisition Corp. (the "Company") announced today that
it closed its initial public offering of 11,500,000 units, which
includes the full exercise of the underwriters’ over-allotment
option. The units were sold at $10.00 per unit, resulting in total
gross proceeds of $115,000,000. Each unit consists of one share of
common stock and one-half of one redeemable warrant to purchase one
share of common stock at $11.50 per share. Once the securities
comprising the units begin separate trading, the common stock and
warrants are expected to be listed on The Nasdaq Capital Market
(“Nasdaq”) under the symbols “BCYP” and “BCYPW”, respectively. The
units began trading on Nasdaq under the ticker symbol “BCYPU” on
January 12, 2021.
Ladenburg Thalmann & Co. Inc. acted as sole
book running manager in the offering. Brookline Capital Markets, a
division of Arcadia Securities, LLC, acted as co-manager of the
offering.
Dentons US LLP acted as counsel to the Company
and Graubard Miller acted as counsel to the underwriters.
A registration statement relating to these
securities was declared effective by the U.S. Securities and
Exchange Commission (the "SEC") on January 11, 2021. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
The offering is being made only by means of a
prospectus. Copies of the prospectus relating to this offering may
be obtained from Ladenburg Thalmann, Attn: Syndicate Department,
277 Park Avenue, 26th floor, New York, New York 10172, Attn:
Syndicate Department, telephone: 1-800-573-2541 or email:
prospectus@ladenburg.com.
About Big Cypress Acquisition Corp.
Big Cypress Acquisition Corp. is a blank check
company formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses. Although
the Company may pursue a target business in any industry or sector,
and in any geographic region, the Company intends to focus its
search for prospects within the life sciences industry. The Company
is led by Chief Executive Officer, Chief Financial Officer and
Director Samuel J. Reich.
Forward Looking Statements
This press release contains statements that
constitute "forward-looking statements," including with respect to
the initial public offering and search for an initial business
combination. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the Risk Factors section of the Company's registration
statement for the initial public offering filed with the SEC.
Copies are available on the SEC's website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Samuel J. Reich ir@bigcypressaccorp.com
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