RCF Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering
RCF Acquisition Corp. has successfully priced its initial public offering (IPO) of 20,000,000 units at $10.00 each, set to list on the NYSE under the symbol RCFA.U starting November 10, 2021. Each unit includes one Class A ordinary share and half a redeemable warrant, with warrants exercisable at $11.50. The offering, managed by Citigroup and Barclays, could expand by an additional 3,000,000 units. The closing date for the offering is expected on November 15, 2021, with SEC registration declared effective on the same day.
- Successful pricing of IPO for 20,000,000 units at $10.00 each.
- Expected listing on NYSE under symbol RCFA.U.
- Potential to raise additional $30 million with over-allotment option.
- None.
Denver, CO , Nov. 09, 2021 (GLOBE NEWSWIRE) -- RCF Acquisition Corp. (the “Company”) today announced the pricing of its initial public offering of 20,000,000 units at a price of
RCF Acquisition Corp. is a blank check company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The Company intends to target assets or businesses of scale across the critical minerals value chain that are poised to benefit over the long-term from the substantial market opportunity created by the global energy transition.
Citigroup and Barclays are acting as the joint-book-running managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (800) 831-9146; or Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone: 1-888-603-5847 or by email: Barclaysprospectus@broadridge.com.
The offering is expected to close on November 15, 2021.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on November 9, 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 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 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 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 for the initial public offering filed with the 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.
Contact
RCF Acquisition Corp.
(720) 946-1444
info@rcfacquisitioncorp.com
FAQ
What is the purpose of RCF Acquisition Corp.?
What are the ticker symbols for RCF Acquisition Corp. post-IPO?
When will RCF Acquisition Corp. begin trading on the NYSE?
What is the expected closing date for RCF Acquisition Corp.'s IPO?
Who are the underwriters for RCF Acquisition Corp.'s IPO?
