Corner Growth Acquisition Corp. 2 Announces Pricing of $175 Million Initial Public Offering
Corner Growth Acquisition Corp. 2 has priced its initial public offering, offering 17,500,000 units at $10.00 each, expected to trade on Nasdaq under the ticker symbol TRONU from June 17, 2021. Each unit includes one Class A ordinary share and one-third of a redeemable warrant, allowing the purchase of a share at $11.50. The offering, managed by Cantor Fitzgerald & Co., has a 45-day option for underwriters to acquire an additional 2,625,000 units. Closing is anticipated on June 21, 2021, subject to conditions. Forward-looking statements caution that terms may change.
- Successful pricing of 17,500,000 units at $10.00 each indicates strong investor interest.
- Potential for additional 2,625,000 units to be sold, increasing capital raised.
- Focus on technology industry aligns with market trends in developed countries.
- The offering is contingent on closing conditions, introducing uncertainty.
- Forward-looking statements indicate potential risks and limitations in achieving the proposed terms.
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 pricing of its initial public offering of 17,500,000 units 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. is serving as sole book-running manager for this offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,625,000 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 may be obtained from: Cantor Fitzgerald & Co., Attn: Capital Markets, 499 Park Avenue, 5th Floor, New York, New York, 10022; Email: prospectus@cantor.com.
The registration statement relating to the securities became effective on June 16, 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.
The offering is expected to close on June 21, 2021, subject to customary closing conditions.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed 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 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210616006024/en/
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