Juniper Industrial Holdings, Inc. Closes $345 Million Initial Public Offering of Securities
13 Novembre 2019 - 10:30PM
Juniper Industrial Holdings, Inc. (the “Company”), a blank
check company formed for the purpose of entering into a merger,
stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses, today
announced that it closed its initial public offering of 34,500,000
units at $10.00 per unit, which includes the exercise in full by
the underwriter of its over-allotment option to purchase an
additional 4,500,000 units. Total gross proceeds from the
offering were $345,000,000, before deducting underwriting discounts
and commissions and other offering expenses. Each unit
consists of one share of Class A common stock of the Company
and one-half of one 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. The units are listed
on the New York Stock Exchange under the symbol “JIH.U”. 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 “JIH” and “JIH WS,”
respectively.
UBS Securities LLC acted as the sole book running manager for
the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus related to the offering may be obtained from UBS
Securities LLC, Attn: Prospectus Department, 1285 Avenue of the
Americas, New York, NY 10019, telephone: (888) 827-7275 or email:
ol-prospectusrequest@ubs.com.
A registration statement relating to these securities was
declared effective by the SEC on November 7, 2019. 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 initial
public offering and the anticipated use of the net proceeds. 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 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 contact: Brian
CookChief Financial Officerbcook@juniperindustrial.com(973)
507-0359
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