Thimble Point Acquisition Corp. Announces Closing of Upsized $276 Million Initial Public Offering
04 Febbraio 2021 - 10:30PM
Business Wire
Thimble Point Acquisition Corp. (the “Company”) announced today
that it closed its upsized initial public offering of 27,600,000
units at a price of $10.00 per unit, which includes the exercise in
full by the underwriters of their over-allotment option to purchase
an additional 3,600,000 units. Total gross proceeds from the
offering were $276,000,000, before deducting underwriting discounts
and commissions and other offering expenses. Each unit consists of
one share of Class A common stock and one-third of one redeemable
warrant. Each whole warrant entitles the holder thereof to purchase
one share of Class A common stock at a price of $11.50 per share,
subject to adjustment, and only whole warrants are exercisable. The
units are listed on the Nasdaq Capital Market (“Nasdaq”) and trade
under the ticker symbol “THMAU”. Once the securities comprising the
units begin separate trading, the shares of Class A common stock
and warrants are expected to be listed on the Nasdaq under the
symbols “THMA” and “THMAW,” respectively.
Thimble Point Acquisition Corp. is a blank check company formed
for the purpose of effecting a merger, capital stock exchange,
asset acquisition, share purchase, reorganization, or similar
business combination with one or more businesses. The Company
intends to focus on high-growth software and technology-enabled
companies that are disrupting large and established industries and
markets, and is led by Elon S. Boms, the Company’s Chief Executive
Officer and Chairman, and Steven “Woody” Benson, the Company’s
Chief Operating Officer and Director. The members of the Company’s
management team are associated with the Pritzker Vlock Family
Office, a multi-billion-dollar family office that invests in
companies and their management teams with industry changing ideas,
as well as LaunchCapital, a premier venture capital firm with
offices in Boston, New Haven and New York.
Citigroup Global Markets Inc. and Credit Suisse Securities (USA)
LLC acted as joint book-running managers for the offering.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on February 1, 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 offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus. Copies
of the prospectus relating to this offering may be obtained from
Citigroup Global Markets, Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, NY 11717, telephone number
800-831-9146, and Credit Suisse Securities (USA) LLC, Attention:
Prospectus Department, 6933 Louis Stephens Drive, Morrisville,
North Carolina 27560, telephone number 1-800-221-1037 or
usa.prospectus@credit-suisse.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and search for an initial 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 for the initial public
offering filed with the SEC. Copies are available on the SEC’s
website, https://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.
Contacts
Please direct all inquiries regarding Thimble Point Acquisition
Corp. to Jason Gray at inquiry@thimblepoint.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210204006104/en/
Thimble Point Acquisition Corp. Jason Gray
inquiry@thimblepoint.com
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