NEW YORK, Jan. 14, 2021 /PRNewswire/ -- Edify Acquisition
Corp. (the "Company") announced today the pricing of its upsized
initial public offering ("IPO") of 24,000,000 units at a price of
$10.00 per unit. The Company is
a special-purpose acquisition company with a focus on the
education, education technology, workforce development, and human
capital management industries.
Edify Acquisition Corp. announced today the pricing of its upsized
IPO of 24,000,000 units at a price of $10.00 per unit
Former Vice Chairwoman of BMO Capital Markets Susan Wolford
serves as Chairwoman and Colbeck Capital Management, LLC Partner
and Managing Director Peter Ma
serves as Chief Executive Officer. Wolford and Ma are joined
by board members including Rose
Else-Mitchell (President of Education Solutions at
Scholastic) and Ronald Schlosser
(former Executive Chairman at McGraw-Hill Education).
The units will be listed on the Nasdaq Capital Market ("Nasdaq")
and trade under the ticker symbol "EACPU" beginning on January 15, 2021. Each unit consists of one share
of the Company's Class A common stock and half of one redeemable
warrant, with each whole warrant entitling the holder thereof to
purchase one share of the Company's Class A common stock at an
exercise price of $11.50 per share.
Once the securities comprising the units begin separate trading,
the shares of Class A common stock and warrants are expected to be
listed on Nasdaq under the symbols "EAC" and "EACPW,"
respectively.
BMO Capital Markets Corp. and B. Riley Securities, Inc. are
acting as joint bookrunning managers for the proposed offering. The
Company has granted the underwriters a 45-day option to purchase up
to an additional 3,600,000 units at the IPO price.
The offering is being made only by means of a prospectus. Copies
of the prospectus may be obtained from BMO Capital Markets Corp.,
attention: Equity Syndicate Department, 3 Times Square, 25th Floor,
New York, New York 10036, by
telephone at 800-414-3627 or by email at BMOProspectus@bmo.com; or
B. Riley Securities, Inc. at 1300 17th Street N., Suite 1400, Attn:
Syndicate Prospectus Department, Arlington, Virginia 22209, by telephone at
(800) 846-5050 or by email at prospectuses@brileyfin.com.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on January 14, 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.
About Edify Acquisition Corp.
Edify Acquisition Corporation was formed for the purpose of
effecting a merger, amalgamation, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses or entities. The Company
intends to focus its search for a target business in the education,
education technology, workforce development, and human capital
management industries.
Forward Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the IPO. 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 for the Company's 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.
Contacts
Peter Ma
Email: media@edifyacq.com
Phone: (212) 603-2813
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SOURCE Edify Acquisition Corp.