8i Acquisition 2 Corp. Announces Pricing of $75 Million Initial Public Offering
November 22 2021 - 8:30AM
8i Acquisition 2 Corp. (the “Company”), a newly organized blank
check company incorporated as a British Virgin Islands business
company and led by Chief Executive Officer, Meng Dong (James) Tan,
today announced the pricing of its initial public offering of
7,500,000 units at an offering price of $10.00 per unit, with each
unit consisting of one ordinary share, one redeemable warrant, and
one right to receive one-tenth (1/10) of an ordinary share. Each
whole warrant will entitle the holder thereof to purchase purchase
one-half (1/2) of one ordinary share, and each ten rights entitle
the holder thereof to receive one ordinary share. The exercise
price of the warrants is $11.50 per full share. The units are
expected to trade on the Nasdaq Global Market, (“Nasdaq”) under the
ticker symbol “LAXXU” beginning on November 22, 2021. Once the
securities comprising the units begin separate trading, the
ordinary shares, warrants and rights will be traded on Nasdaq under
the symbols “LAX,” “LAXXW,” and “LAXXR,” respectively. No
fractional warrants will be issued upon separation of the units and
only whole warrants will trade. The offering is expected to close
on November 24, 2021, subject to customary closing
conditions.
Maxim Group LLC is acting as sole book-running
manager for the offering. The Company has granted the underwriter a
45-day option to purchase up to 1,125,000 additional units at the
initial public offering price to cover over-allotments, if
any.
A registration statement relating to the
securities sold in the initial public offering was declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on November 22, 2021. The offering is being made only by
means of a prospectus. When available, copies of the prospectus
relating to this offering may be obtained from Maxim Group LLC, 300
Park Avenue, 16th Floor, New York, NY 10022, or by accessing the
SEC’s website, www.sec.gov.
This press release shall not constitute an offer
to sell or a 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.
About 8i Acquisition 2
Corp.
8i Acquisition 2 Corp. is a blank check company,
also commonly referred to as a special purpose acquisition company,
or SPAC, formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses or
entities.
Forward-Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the Company’s initial public offering (“IPO”) and search for an
initial business combination. 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 8i Acquisition
2 Corp., including those set forth in the Risk Factors section of
8i Acquisition 2 Corp.’s registration statement and preliminary
prospectus for the IPO filed with the SEC. Copies are available on
the SEC's website, www.sec.gov. 8i Acquisition 2 Corp. undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by
law.
Contact Information:
At the Company:
William Yap, CFA
Chief Financial Officer
Email: ir@8icorp.com
Phone: +65 6788-0388
Investor Relations:
Sherry Zheng
Weitian Group LLC
Email: shunyu.zheng@weitian-ir.com
Phone: +1 718-213-7386
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