Capitalworks Emerging Markets Acquisition Corp Announces Pricing of $200 Million Initial Public Offering
01 Dicembre 2021 - 12:34AM
Capitalworks Emerging Markets Acquisition Corp (the “Company”), a
special purpose acquisition company, today announced the pricing of
its initial public offering of 20,000,000 units at a price of
$10.00 per unit. The units will be listed on The Nasdaq Global
Market (“Nasdaq”) and will begin trading on December 1, 2021, under
the ticker symbol “CMCAU”.
Each unit issued in the offering consists of one Class A
ordinary share and one-half of one redeemable warrant. Each whole
warrant entitles the holder thereof to purchase one Class A
ordinary share at a price of $11.50 per share. Once the securities
comprising the units commence separate trading, the Class A
ordinary shares and redeemable warrants are expected to be
respectively listed on Nasdaq under the symbols “CMCA” and “CMCAW”.
No fractional warrants will be issued upon separation of the units
and only whole warrants will trade. The offering is expected to
close on December 3, 2021, subject to customary closing
conditions.
Barclays is the sole book-running manager for the offering. The
Company has granted the underwriters a 45-day option from the date
of the final prospectus to purchase up to an additional 3,000,000
units at the initial public offering price to cover
over-allotments, if any.
A registration statement relating to the securities became
effective on November 30, 2021. The offering is being made only by
means of a prospectus, which forms a part of the registration
statement. Copies of the prospectus may be obtained, when
available, for free by visiting EDGAR on the Securities and
Exchange Commission (the “SEC”) website at www.sec.gov.
Alternatively, copies may be obtained, when available, from
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New York, 11717, by email:
Barclaysprospectus@broadridge.com, or by telephone: (888)
603-5847.
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 an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Capitalworks Emerging Markets Acquisition
Corp
Capitalworks Emerging Markets Acquisition Corp is a newly
organized blank check company, incorporated as a Cayman Islands
exempted company for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses (the
“Business Combination”). While the Company may pursue an
acquisition opportunity in any industry or geographic region, it
intends to focus on high-growth companies operating in select
emerging markets, with the ability to replicate their business
models sustainably across other emerging markets or translate their
products, services or technologies to developed markets.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and search for a Business Combination. No assurance
can be given that the offering discussed above will be completed on
the terms described, or at all. 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 and
preliminary prospectus 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.
Capitalworks ContactCody Slach, Alex
ThompsonGateway IR(949) 574-3860CMCA@gatewayir.com
SOURCE: Capitalworks Emerging Markets Acquisition Corp
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