Corner Growth Acquisition Corp. 2 Announces Closing of $185 Million Initial Public Offering
Corner Growth Acquisition Corp. 2 has successfully closed its initial public offering of 18,500,000 units at $10.00 each, raising $185 million. The units began trading on Nasdaq under the ticker symbol “TRONU” on June 17, 2021. Each unit includes one Class A ordinary share and one-third of a redeemable warrant, with warrants exercisable at $11.50 per share. Lead by Co-Chairman John Cadeddu, the Company aims to focus on technology investments in the U.S. and developed countries. Cantor Fitzgerald & Co. was the sole book-running manager for this offering.
- Raised $185 million from the IPO, providing significant capital for future investments.
- Units started trading on Nasdaq, enhancing visibility and liquidity for investors.
- Focus on technology industry in the U.S. and developed countries may lead to growth opportunities.
- Warrants are exercisable at $11.50, which could pose a potential dilution risk for shareholders if exercised.
- Forward-looking statements carry uncertainty regarding the use of net proceeds.
Corner Growth Acquisition Corp. 2 (the “Company”), a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the closing of its initial public offering of 18,500,000 units at a price of
The units began trading on The Nasdaq Capital Market (the “Nasdaq”) under the ticker symbol “TRONU” on June 17, 2021. Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of
Led by Co-Chairman John Cadeddu, Co-Chairman and Chief Executive Officer Marvin Tien and a team of venture capital investors, the Company expects to focus on the technology industry in the United States and other developed countries.
Cantor Fitzgerald & Co. acted as sole book-running manager for the offering. The offering was made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained from: Cantor Fitzgerald & Co., Attn: Capital Markets, 499 Park Avenue, 5th Floor, New York, New York, 10022; Email: prospectus@cantor.com.
A registration statement relating to the securities became effective on June 16, 2021 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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds. No assurance can be given 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 final prospectus for the Company’s 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.
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