Kismet Acquisition One Corp Closes $250 Million Initial Public Offering
10 Agosto 2020 - 10:15PM
Kismet Acquisition One Corp (the “Company”) (Nasdaq: KSMTU)
announced today that it closed its initial public offering of
25,000,000 units. The offering was priced at $10.00 per unit,
resulting in gross proceeds of $250,000,000.
The Company’s units began trading on the Nasdaq
Capital Market (“Nasdaq”) under the ticker symbol “KSMTU” on August
6, 2020. Each unit consists of one ordinary share of the Company
and one-half of one redeemable warrant. Each whole warrant entitles
the holder thereof to purchase one ordinary share at a price of
$11.50 per share. Only whole warrants are exercisable. Once the
securities comprising the units begin separate trading, the
ordinary shares and warrants are expected to be listed on Nasdaq
under the symbols “KSMT” and “KSMTW,” respectively.
The Company was formed for the purpose of
acquiring, engaging in a share exchange, share reconstruction and
amalgamation, contractual control arrangement with, purchasing all
or substantially all of the assets of, or engaging in any other
similar initial business combination with one or more businesses or
entities. Although the Company is not limited to a particular
industry or geographic region for purposes of consummating a
business combination, the Company intends to focus on companies in
the telecommunications infrastructure, internet and technology and
consumer goods and services sectors operating in Russia.
Credit Suisse Securities (USA) LLC and BofA
Securities, Inc. acted as joint book-running managers for the
offering. The Company granted the underwriters a 45-day option to
purchase up to 3,750,000 additional units at the initial public
offering price.
The offering was made only by means of a
prospectus. Copies of the prospectus may be obtained from Credit
Suisse, Attn: Prospectus Department, Eleven Madison Avenue, 3rd
Floor, New York, New York 10010, Telephone: 1-800-221-1037, Email:
usa.prospectus@credit-suisse.com; or 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 the securities was declared effective by the U.S. Securities and
Exchange Commission (the “SEC”) on August 5, 2020. 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.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering, the anticipated use of the net
proceeds and the intended focus with respect to a business
combination. No assurance can be given 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
prospectus for the Company’s offering filed with the SEC. 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: Kismet Acquisition One Corp+7 (499)
755-2134info@kismetcg.com
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