New York, NY, Nov. 19, 2020 (GLOBE NEWSWIRE) — Cascade Acquisition Corp. (the “Company”) introduced in the present day that it priced its preliminary public providing of 20,000,000 items, at $10.00 per unit. The items will probably be listed on the New York Stock Change (“NYSE”) and can start buying and selling on Friday, November 20, 2020, underneath the ticker image “CAS.U.” Every unit consists of 1 share of the Firm’s Class A typical stock and one-half of 1 redeemable warrant, every complete warrant entitling the holder thereof to buy one share of Class A typical stock at a price of $11.50 per share. Solely complete warrants are exercisable. No fractional warrants will probably be issued upon separation of the items and solely complete warrants will commerce. As soon as the securities comprising the items start separate buying and selling, shares of the Class A typical stock and warrants are anticipated to be listed on NYSE underneath the symbols “CAS” and “CAS.WS,” respectively.
The providing is anticipated to shut on November 24, 2020, topic to customary closing circumstances.
The Firm is a clean verify firm fashioned for the aim of effecting a merger, capital stock exchange, asset acquisition, stock buy, reorganization or related enterprise mixture with a number of companies. Whereas the Firm may pursue targets in any business, it intends to focus its search within the monetary companies business.
Credit score Suisse Securities (USA) LLC. and Morgan Stanley & Co. LLC are appearing as joint book-running managers for the providing. Keefe, Bruyette & Woods, Inc. is appearing as lead supervisor for the providing. The Firm has granted the underwriters a 45-day choice to buy as much as a further 3,000,000 items on the preliminary public providing price to cowl over-allotments, if any.
The general public providing is being made solely by way of a prospectus. Copies of the preliminary prospectus referring to the providing and last prospectus, when accessible, may be obtained from Credit score Suisse Securities (USA) LLC by mail: Consideration: Prospectus Division, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, by telephone: 1-800-221-1037, by e-mail: [email protected] or Morgan Stanley & Co. LLC by mail: Consideration: Prospectus Division, 180 Varick Street, Second Flooring, New York, NY 10014, by e-mail: [email protected]
A registration assertion relating to those securities has been filed with, and declared efficient by, the Securities and Change Fee (“SEC”) on November 19, 2020. This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale of those securities in any state or jurisdiction wherein such a suggestion, solicitation or sale could be illegal previous to registration or qualification underneath the securities legal guidelines of any such state or jurisdiction.
This press launch accommodates statements that represent “forward-looking statements,” together with with respect to the preliminary public providing and the anticipated use of the web proceeds and with respect to any enterprise mixture or acquisition alternative. No assurance could be provided that the providing mentioned above will probably be accomplished on the phrases described, or in any respect, or that the web proceeds of the providing will probably be used as indicated. Ahead-looking statements are topic to quite a few circumstances, a lot of that are past the management of the Firm, together with these set forth within the Danger Elements part of the Firm’s registration assertion and preliminary prospectus for the 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.
Jay Levine, Chief Government Officer
Cascade Acquisition Corp.
1900 Sundown Harbour Dr.
Miami Seashore, Florida 33139