Austerlitz Acquisition Corporation I Announces Closing of Initial Public Offering and Exercise of Underwriters’ Over-Allotment Option

Rhea-AI Summary

Austerlitz Acquisition Corporation I has successfully closed its initial public offering of 69 million units, raising $690 million at a price of $10.00 per unit. The offering includes 9 million units from the underwriters' over-allotment option. Each unit consists of one Class A ordinary share and one-fourth of a warrant, with each whole warrant convertible into a share at $11.50. The units are trading on the NYSE under the symbol 'AUS.U'. Austerlitz Acquisition is a blank check company aiming for future mergers or acquisitions.

Positive

• Raised $690 million through the IPO.
• Successfully exercised 9 million units from the overallotment option, indicating strong market demand.
• Future potential for mergers and acquisitions as a blank check company.

Negative

• None.

Austerlitz Acquisition Corporation I (the “Company”) today announced the closing of its initial public offering of 69,000,000 units, which includes 9,000,000 units issued upon the exercise of the underwriters’ over-allotment option, which was exercised in full, at a public offering price of $10.00 per unit. Each unit consists of one of the Company’s Class A ordinary shares and one-fourth of one warrant. Each whole warrant entitles the holder to one of the Company’s Class A ordinary shares at a price of $11.50 per share. The units are listed on the New York Stock Exchange (the "NYSE") under the symbol "AUS.U". Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols "AUS" and "AUS WS”, respectively.

The Sponsor of the Company is Austerlitz Acquisition Sponsor, LP I, an affiliate of Trasimene Capital Management, LLC, led by William P. Foley, II. Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and BofA Securities are acting as joint book-running managers for the offering.

The offering was made only by means of a prospectus. Copies of the prospectus may be obtained, for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus may be obtained for free from the offices of Credit Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, telephone: (800) 221-1037 or by emailing: usa.prospectus@credit-suisse.com; J.P. Morgan Securities LLC c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204, or by emailing: prospectus-eq_fi@jpmchase.com; or BofA Securities, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001 or by emailing: dg.prospectus_request@bofa.com.

Austerlitz Acquisition Corporation I

Austerlitz Acquisition Corporation I is a newly incorporated blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements. All of these statements are based on management’s expectations as well as estimates and assumptions prepared by management that, although they believe to be reasonable, are inherently uncertain. These statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of Company’s control that may cause its business, industry, strategy, financing activities or actual results to differ materially. The Company undertakes no obligation to update or revise any of the forward-looking statements contained herein, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210302006190/en/

FAQ

What is the purpose of Austerlitz Acquisition Corporation I's IPO?

The purpose is to raise capital for potential mergers, acquisitions, or similar business combinations.

What are the financial terms of the units issued by AUS.U?

Each unit is priced at $10.00, consisting of one Class A ordinary share and one-fourth of a warrant, convertible at $11.50.

What does the successful IPO of AUS.U indicate about market demand?

The full exercise of the underwriters' over-allotment option suggests strong investor interest and confidence in the offering.

What is the stock symbol for Austerlitz Acquisition Corporation I?

The units are listed under the symbol 'AUS.U' on the NYSE.

Who managed the IPO for Austerlitz Acquisition Corporation I?

Credit Suisse, J.P. Morgan, and BofA Securities were the joint book-running managers for the offering.