Foresight Acquisition Corp. Announces Pricing of $275,000,000 Initial Public Offering
February 09 2021 - 6:03PM
Business Wire
Foresight Acquisition Corp. (the “Company”), a blank check
company targeting a technology-enabled consumer or consumer
healthcare business, announced today the pricing of its initial
public offering of 27,500,000 units at $10.00 per unit. Each unit
consists of one share of Class A common stock and one-third of one
redeemable warrant. Each whole warrant entitles the holder to
purchase one share of Class A common stock at a price of $11.50 per
share.
The Company was 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’s units are expected to be listed on the Nasdaq
Capital Market and trade under the symbol “FOREU” beginning
February 10, 2021. Once the securities comprising the units begin
separate trading, the Company expects that its Class A common stock
and warrants will be listed on the Nasdaq Capital Market under the
symbols “FORE” and “FOREWS,” respectively.
Cowen is serving as the sole book-running manager for the
offering. The Company has granted the underwriters a 45-day option
to purchase up to an additional 4,125,000 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 Cowen, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY, 11717, Attn: Prospectus Department, email
postSaleManualRequests@broadridge.com, telephone: 833-297-2926.
A registration statement relating to the securities has been
filed with the U.S. Securities and Exchange Commission (the “SEC”)
and became effective on February 9, 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 February 12, 2021, subject
to customary closing conditions.
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 thereof. 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 SEC. Copies of these documents
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210209006279/en/
Lindsay Lingle info@foresightacq.com
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