NEW YORK, June 12, 2020 /PRNewswire/ -- CC Neuberger
Principal Holdings I (NYSE: PCPL.U) (the "Company") announced
that, commencing June 15, 2020,
holders of the units sold in the Company's initial public offering
of 41,400,000 units, completed on April 28,
2020, may elect to separately trade the Class A ordinary
shares and warrants included in the units. Those units not
separated will continue to trade on the New York Stock Exchange
("NYSE") under the symbol "PCPL.U," and the Class A ordinary shares
and warrants that are separated will trade on the NYSE under the
symbols "PCPL" and "PCPL WS," respectively. Holders of units will
need to have their brokers contact Continental Stock
Transfer & Trust Company, the Company's transfer agent, in
order to separate the units into Class A ordinary shares and
warrants.
The units were initially offered by the Company in an
underwritten offering. Goldman Sachs & Co. LLC, BofA Securities
and UBS Investment Bank acted as joint book-running managers and
Nomura Securities International, Inc. acted as co-manager for the
offering. A registration statement relating to the units and
the underlying securities was declared effective by the Securities
and Exchange Commission (the "SEC") on April
23, 2020.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, 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 was
made only by means of a prospectus. Copies of the prospectus may be
obtained from Goldman Sachs & Co. LLC, Attn: Prospectus
Department, 200 West Street, New York,
New York 10282, telephone: (212) 902-1171 or email:
Prospectus-ny@ny.email.gs.com; BofA Securities, Attn: Prospectus
Department, NC1-004-03-43 200 North College Street, 3rd floor,
Charlotte NC 28255-0001, telephone: (800) 294-1322 or email:
dg.prospectus_requests@bofa.com; or UBS Securities LLC, Attn:
Prospectus Department, 1285 Avenue of the Americas, New York, New York 10019, telephone: (888)
827-7275 or email: ol-prospectusrequest@ubs.com.
About CC Neuberger Principal Holdings I
CC Neuberger Principal Holdings I, led by Chinh E. Chu, Douglas
Newton, Charles Kantor and
other senior professionals of CC Capital and Neuberger Berman, is a
blank check company formed for the purpose of entering into a
merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses. While the Company may pursue a business combination in
any industry, the Company intends to focus its search for a
business that would benefit from the founders' and management
team's experience and ability to identify, acquire and manage a
business in the financial, technology and business services
sectors.
For more information, please contact:
Douglas Newton
Chief Financial Officer
newton@cc.capital
(212) 207-8647
Media contacts:
CC Capital
Jonathan Keehner / Julie
Oakes / Kate Thompson
Joele Frank, Wilkinson Brimmer
Katcher
(212) 355-4449
Neuberger Berman
Alex
Samuelson
Alexander.Samuelson@NB.com
(212) 476-5392
Forward-Looking Statements
This press release may include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. All statements other than statements of
historical fact included in this press release are forward-looking
statements. When used in this press release, words such as
"anticipate," "believe," "estimate," "expect," "intend" and similar
expressions, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company's management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company's filings with the SEC. All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. 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 relating to the
Company's initial public offering filed with the SEC. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
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SOURCE CC Neuberger Principal Holdings I