Aequi Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering
November 19 2020 - 6:25PM
Aequi Acquisition Corp. (the “Company”) today announced the pricing
of its initial public offering of 20,000,000 units
at $10.00 per unit. The units will be listed on the
Nasdaq Stock Market and trade under the ticker symbol “ARBGU”
beginning Friday, November 20, 2020.
Each unit consists of one share of the Company’s Class A common
stock and one-third of one redeemable warrant. Each whole warrant
entitles the holder thereof to purchase one share of the Company’s
Class A common stock at a price of $11.50 per share. Once
the securities comprising the units begin separate trading, the
Class A common stock and warrants are expected to be listed on the
Nasdaq Stock Market under the symbols “ARBG” and “ARBGW,”
respectively. The initial public offering is expected to close
on Tuesday, November 24, 2020, subject to customary closing
conditions.
The Company is a newly incorporated blank check company formed
for the purpose of effecting a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar
business combination with one or more businesses. The Company is
led by Hope S. Taitz, Chief Executive Officer and Chairperson,
and Joy Seppala, Chief Financial Officer and a Director.
RBC Capital Markets, LLC and BofA Securities, Inc. are acting as
joint book-running managers. Samuel A. Ramirez & Company, Inc.
and Siebert Williams Shank & Co., LLC are acting as
co-managers. The Company has granted the underwriters a 45-day
option to purchase up to 3,000,000 additional units at the initial
public offering price to cover over-allotments, if any.
The initial public offering is being made only by means of a
prospectus. Copies of the prospectus relating to the offering may
be obtained from RBC Capital Markets, LLC, 200 Vesey Street, 8th
Floor, New York, NY 10281-8098; Attention: Equity Syndicate; by
telephone at 877-822-4089 or by email at
equityprospectus@rbccm.com; and BofA Securities, Inc.,
NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC
28255-0001; Attention: Prospectus Department; by telephone at
800-294-1322 or by email at dg.prospectus_requests@bofa.com.
A registration statement relating to the securities sold in the
initial public offering has been filed with, and declared effective
by, the Securities and Exchange Commission (“SEC”)
on Thursday, November 19, 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 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 initial
public offering and the anticipated use of the net proceeds
thereof. 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 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.
Contact
Hope S. Taitz Aequi Acquisition Corp. 500 West Putnam
Avenue, Suite 400 Greenwich, CT 06830 Telephone: (917) 297-4075
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