Accelerate Acquisition Corp. Closes $400 Million Initial Public Offering
23 Marzo 2021 - 12:41AM
Business Wire
Accelerate Acquisition Corp. (the “Company”), a blank check
company led by Robert Nardelli, Michael Simoff and Jeffrey Kaplan
and formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses or
entities, today announced that it closed its initial public
offering of 40,000,000 units at a price of $10.00 per unit. Total
gross proceeds from the offering were $400,000,000, before
deducting underwriting discounts and commissions and other offering
expenses.
The units are listed on the New York Stock Exchange and trade
under the ticker symbol “AAQC.U.” Each unit consists of one share
of Class A common stock of the Company and one-third of one
redeemable warrant. Each whole warrant entitles the holder thereof
to purchase one share of Class A common stock of the Company at a
price of $11.50 per share, subject to adjustment, and only whole
warrants are exercisable. 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 New York Stock Exchange
under the symbols “AAQC” and “AAQC WS,” respectively. No fractional
warrants will be issued upon separation of the units and only whole
warrants will trade.
UBS Investment Bank acted as sole book-running manager for the
offering. The offering was made only by means of a prospectus.
Copies of the prospectus may be obtained from UBS Securities LLC,
Attention: Prospectus Department, 1285 Avenue of the Americas, New
York, New York 10019, telephone: (888) 827-7275 or email:
ol-prospectusrequest@ubs.com.
A registration statement relating to the securities became
effective on March 17, 2021 in accordance with Section 8(a) of the
Securities Act of 1933, as amended. 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.
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. 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 Securities and Exchange Commission (“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.
For more information, please visit http://www.xlr8ac.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210322005833/en/
Michael Simoff Chief Operating Officer, Chief Financial Officer
and Treasurer msimoff@xlr8ac.com (973) 314-3060
Media: Jonathan Gasthalter/Nathaniel Garnick Gasthalter &
Co. (212) 257-4170 accelerate@gasthalter.com
Grafico Azioni Accelerate Acquisition (NYSE:AAQC.U)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Accelerate Acquisition (NYSE:AAQC.U)
Storico
Da Set 2023 a Set 2024