FinServ Acquisition Corp. Announces Pricing of $220,000,000 Initial Public Offering
01 Novembre 2019 - 12:08AM
FinServ Acquisition Corp. (the “Company”) announced today that it
priced its initial public offering of 22,000,000 units, upsized
from 20,000,000 units, at $10.00 per unit. The units will be listed
on the Nasdaq Capital Market (“Nasdaq”) and will begin trading
tomorrow, Friday, November 1, 2019, under the ticker symbol
“FSRVU.” Each unit consists of one share of the Company’s Class A
common stock and one-half of one redeemable warrant, each whole
warrant entitling the holder thereof to purchase one share of Class
A common stock at a price of $11.50 per share. Only whole warrants
are exercisable and will trade. Once the securities
comprising the units begin separate trading, shares of the Class A
common stock and warrants are expected to be listed on Nasdaq under
the symbols “FSRV” and “FSRVW,” respectively.
The offering is expected to close on November 5,
2019, subject to customary closing conditions.
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. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus its search on companies in the
financial services industry or businesses providing technology
services to the financial services industry. The Company is led by
Chief Executive Officer, Lee Einbinder, and President and Chief
Financial Officer, Howard Kurz.
Barclays and Cantor are acting as the joint
book-running managers for the offering. The Company has granted the
underwriters a 45-day option to purchase up to an additional
3,300,000 units at the initial public offering price to cover
over-allotments, if any.
The offering is being made only by means of a
prospectus. Copies of the preliminary prospectus relating to the
offering and final prospectus, when available, may be obtained from
Barclays, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717, email:
barclaysprospectus@broadridge.com, tel: (888) 603-5847; and Cantor
Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue,
5th Floor New York, New York 10022; email:
prospectus@cantor.com.
A registration statement relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission on October 31, 2019. 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 STATEMENTS
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering and the anticipated use of the net
proceeds. 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 and preliminary prospectus for the offering filed with
the Securities and Exchange Commission (“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.
Contact
Lee EinbinderFinServ Acquisition Corp.
lee@finservacquisition.com
Grafico Azioni FinServ Acquisition (NASDAQ:FSRVU)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni FinServ Acquisition (NASDAQ:FSRVU)
Storico
Da Lug 2023 a Lug 2024