Yellowstone Acquisition Company Announces Pricing of $125 Million Initial Public Offering
Yellowstone Acquisition Company has announced the pricing of its initial public offering (IPO) of 12,500,000 units at $10.00 each, set to trade on NASDAQ under the symbol 'YSACU' starting October 22, 2020. Each unit comprises one share of Class A common stock and half a warrant. The IPO is expected to close on October 26, 2020, pending usual conditions. Wells Fargo Securities is the sole book runner, and there's a 45-day option for underwriters to purchase an additional 1,875,000 units. The registration statement was effective as of October 21, 2020.
- Successful pricing of IPO for 12,500,000 units at $10.00 each.
- Listing on NASDAQ expected to enhance visibility and investor interest.
- No assurance the offering will be completed as planned.
- Potential market fluctuations affecting the stock performance post-IPO.
OMAHA, Neb.--(BUSINESS WIRE)--YELLOWSTONE ACQUISITION COMPANY (the “Company”) announced today the pricing of its initial public offering of 12,500,000 units at a price of
Wells Fargo Securities is acting as sole book runner for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 1,875,000 units at the initial public offering price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Wells Fargo Securities, Attention: Equity Syndicate Department, 500 West 33rd Street, New York, New York, 10001, at (800) 326-5897 or email a request to cmclientsupport@wellsfargo.com.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and became effective on October 21, 2020. 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.
ABOUT YELLOWSTONE ACQUISITION COMPANY
Yellowstone Acquisition Company, led by Adam Peterson and Alex Rozek, is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the homebuilding, manufacturing serving the homebuilding market, financial services and commercial real estate industries. To contact the company, please visit yellowstoneac.com or email the company at contact@yellowstoneac.com.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering. No assurance can be given that the offering will be completed on the terms described, or at all. 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 prospectus for the 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.
