26 Capital Acquisition Corp. Announces Pricing of Upsized $240,000,000 Initial Public Offering
26 Capital Acquisition Corp. has priced its upsized initial public offering at $10.00 per unit, totaling 24,000,000 units. These units will begin trading on Nasdaq under the ticker symbol ADERU on January 15, 2021, with each unit consisting of one share of Class A common stock and one-half of a warrant. The offering is set to close on January 20, 2021. The company aims to pursue mergers or acquisitions primarily in the gaming, consumer, lodging, and internet commerce sectors.
- Upsized initial public offering of 24,000,000 units at $10.00 each.
- Units will trade under ADERU and each includes a share of Class A common stock and a warrant.
- None.
Miami, FL, Jan. 14, 2021 (GLOBE NEWSWIRE) -- 26 Capital Acquisition Corp. (the “Company”) announced today that it priced its upsized initial public offering of 24,000,000 units at
The offering is expected to close on Wednesday, January 20, 2021, subject to customary closing conditions.
The Company is a blank check company 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. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, it intends to concentrate its efforts in identifying high quality businesses in the gaming and gaming technology, branded consumer, lodging and entertainment, or Internet commerce sectors. The Company is led by its Chief Executive Officer, Jason Ader, and its Chief Financial Officer, John Lewis.
Cantor Fitzgerald & Co. 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 3,600,000 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 Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email: prospectus@cantor.com.
A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on January 14, 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 initial public offering and the anticipated use of the 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 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.
Contacts
Jason Ader
Chief Executive Officer
26 Capital Acquisition Corp.
(305) 709-6664
info@springowl.com
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