Vickers Vantage Corp. I Announces Pricing of Upsized $120,000,000 Initial Public Offering
07 Gennaio 2021 - 1:49AM
Vickers Vantage Corp. I (the “Company”) announced today that it
priced its initial public offering of 12,000,000 units at $10.00
per unit. The units will be listed on the Nasdaq Capital Market
(“Nasdaq”) and will begin trading tomorrow, Thursday, January 7,
2021, under the ticker symbol “VCKAU”. Each unit consists of one
ordinary share and one-half of one redeemable warrant,
each whole warrant entitling the holder thereof to purchase one
ordinary share at a price of $11.50 per share, subject to
adjustment. Only whole warrants are exercisable and will trade.
Once the securities comprising the units begin separate trading,
ordinary shares and redeemable warrants are expected to be listed
on Nasdaq under the symbols “VCKA” and “VCKAW,” respectively.
Vickers Vantage Corp. I is a Cayman Islands exempted company
incorporated as a blank check company for the purpose of entering
into a merger, share exchange, asset acquisition, share purchase,
recapitalization, reorganization or similar business combination
with one or more businesses or entities. The Company’s efforts to
identify a prospective target business will not be limited to a
particular industry or geographic region. The Company is led by
Jeffrey Chi, Chairman and Chief Executive Officer, Chris Ho, Chief
Financial Officer and Director, and Special Advisor Dr. Finian
Tan.
Maxim Group LLC is acting as the sole book-running manager for
the offering. The Company has granted the underwriters
a 45-day option to purchase up to an additional 1,800,000
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 Maxim Group
LLC, 405 Lexington Avenue, New York, NY 10174, Attention: Syndicate
Department, or via email at syndicate@maximgrp.com or telephone at
(212) 895-3745.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission (“SEC”) and
became effective on January 6, 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
proposed initial public offering and the anticipated use of 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.
Contacts
REDHILL CommunicationsPranav RastogiDeputy
Managing
Director+6587487919pranav@redhill.asiawww.vickersventure.com
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