Lead Edge Growth Opportunities, Ltd Announces Closing of Full Exercise of Underwriters’ Over-Allotment Option in Connection...
April 13 2021 - 8:18PM
Business Wire
Lead Edge Growth Opportunities, Ltd (the “Company”) announced
today that it closed the issuance of an additional 4,500,000 units
pursuant to the full exercise of the underwriters’ option to
purchase additional units in connection with the Company’s
previously announced initial public offering. The additional units
were sold at a price of $10.00 per unit, resulting in gross
proceeds of $45,000,000 and bringing the total gross proceeds of
the Company’s initial public offering to $345,000,000.
The Company’s units are listed on the Nasdaq Capital Market
(“Nasdaq”) and commenced trading under the ticker symbol “LEGAU” on
March 23, 2021. Each unit consists of one Class A ordinary share of
the Company and one-fourth of one redeemable warrant, each whole
warrant entitling the holder thereof to purchase one Class A
ordinary share at a price of $11.50 per share. Only whole warrants
will trade and are exercisable. Once the securities comprising the
units begin separate trading, the Class A ordinary shares and
warrants are expected to be listed on Nasdaq under the symbols
“LEGA” and “LEGAW,” respectively.
The Company is a 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. While the Company may pursue an initial
business combination target in any business or industry, it intends
to focus its search on high-quality software, Internet and
technology-enabled companies. The Company is led by Chairman and
Chief Executive Officer, Mitchell Green, Chief Financial Officer
and President, Nimay Mehta, and Chief Operating Officer, Brian
Neider. In addition to Messrs. Green, Mehta and Neider, the Company
is supported by Lorrie Norrington, its Special Advisor. The Board
of Directors includes Margaret C. Whitman, Nick Mehta, Sydney Carey
and Russell D. Fradin.
Credit Suisse Securities (USA) LLC and J.P. Morgan Securities
LLC acted as joint book-running managers of the offering.
The offering was made only by means of a prospectus. Copies of
the final prospectus relating to the offering may be obtained from:
Credit Suisse Securities (USA) LLC, Attn: Prospectus Department,
6933 Louis Stephens Drive, Morrisville, NC 27560, Telephone:
1-800-221-1037, email: usa.prospectus@credit-suisse.com; or J.P
Morgan Securities LLC, Attn: Prospectus Department, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
Telephone: 1-866-803-9204, email:
prospectus-eq_fi@jpmorgan.com.
A registration statement relating to the securities became
effective on March 22, 2021 in accordance with Section 8(a) of the
Securities Act of 1933, as amended. 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 search
for an initial business combination and the anticipated use of the
net proceeds. No assurance can be given 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
Securities and Exchange Commission (“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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210413006226/en/
Emila Damjanovic (212) 984-2421 emila@leadedgecapital.com
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