(BofA) – Aequi Acquisition Corp. Completes $200,000,000 Preliminary Public Providing
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New York, NY, Nov. 24, 2020 (GLOBE NEWSWIRE) — Aequi Acquisition Corp. (Nasdaq: ARBGU) (the “Company”) in the present day introduced the closing of its preliminary public providing of 20,000,000 items. The providing was priced at $10.00 per unit, leading to gross proceeds of $200,000,000.
The Firm’s items started buying and selling on the Nasdaq Stock Market below the ticker image “ARBGU” on Friday, November 20, 2020. Every unit consists of 1 share of the Firm’s Class A typical stock and one-third of 1 redeemable warrant. Every entire warrant entitles the holder thereof to buy one share of the Firm’s Class A typical stock at a price of $11.50 per share. As soon as the securities comprising the items start separate buying and selling, the Class A typical stock and warrants are anticipated to be listed on the Nasdaq Stock Market below the symbols “ARBG” and “ARBGW,” respectively.
The Firm is a newly integrated clean verify firm shaped for the aim of effecting a merger, capital stock exchange, asset acquisition, stock buy, reorganization or related enterprise mixture with a number of companies. The Firm is led by Hope S. Taitz, Chief Government Officer and Chairperson, and Pleasure Seppala, Chief Monetary Officer and a Director.
RBC Capital Markets, LLC and (BofA) Securities, Inc. acted as joint book-running managers. Samuel A. Ramirez & Firm, Inc. and Siebert Williams Shank & Co., LLC acted as co-managers. The Firm has granted the underwriters a 45-day choice to buy as much as 3,000,000 extra items on the preliminary public providing price to cowl over-allotments, if any.
Of the proceeds obtained from the consummation of the preliminary public providing and a simultaneous non-public placement of warrants, $200,000,000 (or $10.00 per unit bought within the public providing) was positioned within the Firm’s belief account. An audited steadiness sheet of the Firm as of November 24, 2020 reflecting receipt of the proceeds upon consummation of the preliminary public providing and the non-public placement shall be included as an exhibit to a Present Report on Kind 8-Okay to be filed by the Firm with the Securities and Alternate Fee (the “SEC”).
Ellenoff Grossman & Schole LLP acted as counsel to the Firm and Skadden, Arps, Slate, Meagher & Flom LLP acted as counsel to the underwriters.
The preliminary public providing was made solely via a prospectus. Copies of the prospectus regarding the providing may be obtained from RBC Capital Markets, LLC, 200 Vesey Street, eighth Ground, New York, NY 10281-8098; Consideration: Fairness Syndicate; by phone at 877-822-4089 or by e-mail at firstname.lastname@example.org; and (BofA) Securities, Inc., NC1-004-03-43, 200 North Faculty Street, third Ground, Charlotte, NC 28255-0001; Consideration: Prospectus Division; by phone at 800-294-1322 or by e-mail at email@example.com.
A registration assertion regarding the securities bought within the preliminary public providing was filed with, and declared efficient by, the SEC on Thursday, November 19, 2020. This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of those securities in any state or jurisdiction through which such supply, solicitation, or sale can be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction. The securities bought within the non-public placement haven’t been registered below the Securities Act of 1933, as amended, and may not be supplied or bought in the US absent registration or an relevant exemption from such registration necessities and relevant state securities legal guidelines.
Cautionary Word Regarding Ahead-Wanting Statements
This press launch incorporates statements that represent “forward-looking statements,” together with with respect to the preliminary public providing and the anticipated use of the web proceeds thereof. Ahead-looking statements are topic to quite a few situations, lots of that are past the management of the Firm, together with these set forth within the Threat Elements part of the Firm’s registration assertion and prospectus for the Firm’s providing filed with the SEC. Copies can be found on the SEC’s web site, www.sec.gov. The Firm undertakes no obligation to replace these statements for revisions or adjustments after the date of this launch, besides as required by regulation.
Hope S. Taitz
Aequi Acquisition Corp.
500 West Putnam Avenue, Suite 400
Greenwich, CT 06830
Phone: (917) 297-4075