Evergreen Corporation Announces Pricing of $100,000,000 Initial Public Offering
08 Febbraio 2022 - 10:30PM
Evergreen Corporation (the "Company") announced today that it
priced its initial public offering of 10,000,000 units at $10.00
per unit. The units will be listed on the Nasdaq Global Market
("Nasdaq") and will begin trading on Wednesday, February 9, 2022,
under the ticker symbol "EVGRU". Each unit consists of one of the
Company's Class A ordinary shares and 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 begin separate trading, the Class A ordinary
shares and warrants are expected to be listed on Nasdaq under the
symbols "EVGR" and "EVGRW," respectively.
The Company is a blank check company formed for
the purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. The Company has not
selected any specific business combination target and has not, nor
has anyone on its behalf, initiated any substantive discussions,
directly or indirectly, with any business combination target. While
the Company may pursue an initial business combination target in
any business or industry, it intends to focus its search on
technology companies involved in Artificial Intelligence (AI),
FinTech and Financial Services, the Metaverse, the Internet of
Things (IoT), eCommerce, social commerce, Industry 4.0 (IR4.0), as
well as areas surrounding the new digital economy, in the ASEAN
region. The Company is led by Liew Choon Lian, the Company’s
Chairman of the Board and Chief Executive Officer.
EF Hutton, division of Benchmark Investments,
LLC, is acting as the sole book running manager for the offering.
The Company has granted the underwriters a 45-day option to
purchase up to an additional 1,500,000 units at the initial public
offering price to cover over-allotments, if any. The offering is
expected to close on February 11, 2022, subject to customary
closing conditions.
Loeb & Loeb LLP is serving as legal counsel
to the Company. Pryor Cashman LLP is serving as counsel to EF
Hutton, division of Benchmark Investments, LLC.
The offering is being made only by means of a
prospectus. Copies of the prospectus may be obtained, when
available, from EF Hutton, division of Benchmark Investments, LLC,
Attn: Syndicate Department, 590 Madison Ave., 39th Floor, New York,
New York 10022, by telephone at (212) 404-7002, by fax at (646)
861-4697, or by email at syndicate@efhuttongroup.com.
A registration statement relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission ("SEC") on February 8, 2022. A
final prospectus relating to this offering will be filed with the
SEC. 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.
FORWARD-LOOKING STATEMENTSThis
press release contains statements that constitute "forward-looking
statements," including with respect to the Company’s initial public
offering. 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 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.
Company Contact:Liew Choon LianChief Executive
OfficerEmail: liew4788@gmail.comPhone: +1 786 406 6082
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