EQV Ventures Acquisition Corp. Announces the Pricing of $350 Million Initial Public Offering
EQV Ventures Acquisition Corp. (EQVU), a special purpose acquisition company sponsored by an affiliate of the EQV Group, has priced its initial public offering of 35,000,000 units at $10.00 per unit. The units are expected to begin trading on the New York Stock Exchange on August 7, 2024, under the ticker symbol 'EQVU'. Each unit consists of one Class A ordinary share and one-third of a redeemable warrant.
BTIG, is acting as the sole book-running manager for the offering, which is expected to close on August 8, 2024. The company has granted the underwriter a 45-day option to purchase up to an additional 5,250,000 units to cover over-allotments. The total offering size is $350 million, with potential to reach $402.5 million if the over-allotment option is fully exercised.
EQV Ventures Acquisition Corp. (EQVU), una società di acquisizione con scopo speciale sponsorizzata da un'affiliata del Gruppo EQV, ha stabilito il prezzo della sua offerta pubblica iniziale di 35.000.000 di unità a 10,00$ per unità. Si prevede che le unità inizino a essere scambiate sulla New York Stock Exchange il 7 agosto 2024, sotto il simbolo ticker 'EQVU'. Ogni unità consiste in una azione ordinaria di Classe A e un terzo di una warrant riscattabile.
BTIG agisce come unico gestore dell'offerta, che dovrebbe chiudere l'8 agosto 2024. La società ha concesso all'underwriter un'opzione di 45 giorni per acquistare fino a ulteriori 5.250.000 unità per coprire l'over-allotment. La dimensione totale dell'offerta è di 350 milioni di dollari, con la possibilità di raggiungere 402,5 milioni di dollari se l'opzione di over-allotment viene interamente esercitata.
EQV Ventures Acquisition Corp. (EQVU), una compañía de adquisición con propósito especial patrocinada por una afiliada del Grupo EQV, ha fijado el precio de su oferta pública inicial de 35,000,000 de unidades a $10.00 por unidad. Se espera que las unidades comiencen a cotizar en la Bolsa de Valores de Nueva York el 7 de agosto de 2024, bajo el símbolo 'EQVU'. Cada unidad consiste en una acción ordinaria Clase A y un tercio de una garantía redimible.
BTIG actúa como el único administrador de libros para la oferta, que se espera que se cierre el 8 de agosto de 2024. La compañía ha otorgado al suscriptor una opción de 45 días para comprar hasta 5,250,000 unidades adicionales para cubrir sobreasignaciones. El tamaño total de la oferta es de 350 millones de dólares, con un potencial de alcanzar 402.5 millones de dólares si se ejerce completamente la opción de sobreasignación.
EQV Ventures Acquisition Corp. (EQVU)는 EQV 그룹의 제휴사가 후원하는 특별목적 인수 회사로, 3500만 개의 주식에 대한 초기 공모가를 1주당 $10.00로 책정했습니다. 해당 주식은 2024년 8월 7일부터 뉴욕 증권 거래소에서 'EQVU'라는 종목 기호로 거래될 것으로 예상됩니다. 각 주식은 A급 보통주 1주와 3분의 1의 상환 가능한 워런트로 구성됩니다.
BTIG는 이 오퍼링의 단독 북운영 관리자로 활동하며, 2024년 8월 8일에 마감될 예정입니다. 이 회사는 언더라이터에게 과다배정 문제를 해결하기 위해 최대 525만 개의 추가 주식을 구매할 수 있는 45일 옵션을 부여했습니다. 총 오퍼링 규모는 3억 5천만 달러이며, 과다배정 옵션이 전액 행사될 경우 4억 2천5백만 달러에 이를 수 있습니다.
EQV Ventures Acquisition Corp. (EQVU), une société d'acquisition à but spécial sponsorisée par une affiliée du Groupe EQV, a fixé le prix de son introduction en bourse de 35 000 000 d'unités à 10,00 $ par unité. Les unités devraient commencer à être échangées à la Bourse de New York le 7 août 2024, sous le symbole boursier 'EQVU'. Chaque unité se compose d'une action ordinaire de Classe A et d'un tiers d'un bon de souscription remboursable.
BTIG agit en tant que seul gestionnaire de livres pour l'offre, qui devrait se clôturer le 8 août 2024. La société a accordé à l'underwriter une option de 45 jours d'acheter jusqu'à 5 250 000 unités supplémentaires pour couvrir les surallocations. La taille totale de l'offre s'élève à 350 millions de dollars, avec un potentiel d'atteindre 402,5 millions de dollars si l'option de surallocation est entièrement exercée.
EQV Ventures Acquisition Corp. (EQVU), ein Special Purpose Acquisition Company, das von einer Tochtergesellschaft der EQV Group gesponsert wird, hat den Preis für sein erstes öffentliches Angebot von 35.000.000 Einheiten auf 10,00 $ pro Einheit festgelegt. Die Einheiten sollen voraussichtlich am 7. August 2024 unter dem Tickersymbol 'EQVU' an der New York Stock Exchange gehandelt werden. Jede Einheit besteht aus einer Klasse A Stammaktie und einem Drittel einer rückzahlbaren Warrant.
BTIG fungiert als alleiniger Buchführer für das Angebot, das voraussichtlich am 8. August 2024 abgeschlossen wird. Das Unternehmen hat dem Underwriter eine 45-tägige Option gewährt, um bis zu 5.250.000 zusätzliche Einheiten zum Ausgleich von Überzeichnungen zu erwerben. Die Gesamthöhe des Angebots beträgt 350 Millionen Dollar, mit der Möglichkeit, 402,5 Millionen Dollar zu erreichen, wenn die Option auf Überzeichnung vollständig ausgeübt wird.
- Initial public offering of 35,000,000 units priced at $10.00 per unit, raising $350 million
- Listing on the New York Stock Exchange, providing liquidity and visibility
- 45-day over-allotment option for additional 5,250,000 units, potentially increasing total offering to $402.5 million
- As a SPAC, the company has no existing business operations, presenting inherent risks
- Potential dilution for shareholders due to warrant structure
- Success dependent on finding and completing a suitable business combination within a timeframe
Insights
The pricing of EQV Ventures Acquisition Corp.'s
The over-allotment option of 5,250,000 additional units could potentially increase the offering size to
EQV Ventures' SPAC launch comes at an interesting time in the market. After a boom in 2020-2021, SPAC activity has cooled significantly. However, this
Investors should watch for:
- The specific sector or industry EQV targets for acquisition
- The SPAC's performance in the secondary market post-IPO
- Any unique features in the trust account or sponsor promote structure
PARK CITY, UTAH, Aug. 06, 2024 (GLOBE NEWSWIRE) -- EQV Ventures Acquisition Corp. (the "Company" or "EQV"), a special purpose acquisition company sponsored by an affiliate of the EQV Group, and formed for the purpose of entering into a business combination with one or more businesses, announced today the pricing of its initial public offering of 35,000,000 units at a price of
Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of
BTIG, LLC is acting as sole book-running manager for the offering.
The Company has granted the underwriter a 45-day option to purchase up to an additional 5,250,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on August 8, 2024, subject to customary closing conditions.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: BTIG, LLC, 65 East 55th Street New York, New York 10022, Attn: Syndicate Department, BTIGSyndicateCoverage@btig.com.
A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission ("SEC") and became effective on August 6, 2024 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 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 proposed initial public offering, the anticipated use of the net proceeds, and the search for an initial business combination. 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 Company's initial public offering filed with the SEC. Copies of these documents 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.
Investor Contacts
IR@eqvventures.com
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