Integral Acquisition Corporation 1 Announces Pricing of $100,000,000 Initial Public Offering
03 Novembre 2021 - 3:58AM
Integral Acquisition Corporation 1 (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, or Nasdaq, and will begin trading tomorrow, November 3,
2021, under the ticker symbol “INTEU”. Each unit consists of one
share of Class A common stock of the Company 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. Once the securities
comprising the units begin separate trading, the Class A common
stock and warrants are expected to be listed on Nasdaq under the
symbols “INTE” and “INTEW,” respectively.
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 has not
selected any specific business combination target and it has not,
nor has anyone on its behalf, engaged in any substantive
discussions, directly or indirectly, with any business combination
target with respect to an initial business combination with it. The
Company intends to target a business combination with a
technology-oriented company in Australia and/or New Zealand. The
Company is one of only a few SPACs primarily focused on acquisition
targets in Australia and/or New Zealand. The Company is led by
Chief Executive Officer Enrique Klix.
Wells Fargo Securities, LLC is acting as the
sole book-runner and manager for the offering. The Company has
granted the underwriter 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 being made only by means of a
prospectus. Copies of the prospectus may be obtained, when
available, from Wells Fargo Securities, LLC, Attn: Equity Syndicate
Department, 500 West 33rd Street, New York, New York, 10001, by
telephone at 1-800-326-5897, or by emailing
cmclientsupport@wellsfargo.com.
A registration statement relating to these
securities has been declared effective by the Securities and
Exchange Commission (the “SEC”) at 5:30 p.m., Eastern time, on
November 2, 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 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 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
Enrique KlixC.E.O.+61 478 333
002info@integralacquisition.com
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