5:01 Acquisition Corp. Announces Closing of $80.0 Million Initial Public Offering
16 Ottobre 2020 - 10:15PM
5:01 Acquisition Corp. (the “Company”) (NASDAQ:FVAM) announced
today that it closed its initial public offering of 8,000,000
shares of Class A common stock at $10.00 per share, resulting in
gross proceeds of $80.0 million.
The Company 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.
The Company’s shares of Class A common stock began trading on
The Nasdaq Capital Market under the ticker symbol “FVAM” on October
14, 2020.
BofA Securities acted as sole book-running manager for the
offering. The Company has granted the underwriter a 45-day option
to purchase up to an additional 1,200,000 shares of Class A common
stock at the initial public offering price to cover
over-allotments, if any.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from BofA Securities, NC1-004-03-43,
200 North College Street, 3rd Floor, Charlotte, NC 28255-0001,
Attention: Prospectus Department or by email at
dg.prospectus_requests@bofa.com.
A registration statement relating to this offering was declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on October 13, 2020. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy these
securities, 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.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and any potential business combination.
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 Company’s offering filed with the SEC and the
preliminary prospectus included therein. Copies of these documents
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
5:01 Acquisition Corp.
Jason Ruth, Chief Business Officer
501AcquisitionCorp@5AMVentures.com
415-993-8570
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