NEW YORK, March 5, 2021 /PRNewswire/ -- Isos
Acquisition Corporation (NYSE: ISOS.U., the "Company") announced
today the closing of its initial public offering of 22,500,000
units at a price of $10.00 per unit.
The units are listed on the New York Stock Exchange ("NYSE") and
began trading under the ticker symbol "ISOS.U." on March 3, 2021. Each unit consists of one Class A
ordinary share and one-third of one redeemable warrant, with each
whole warrant exercisable to purchase one Class A ordinary share at
$11.50 per share. After the
securities comprising the units begin separate trading, the Class A
ordinary shares and warrants are expected to be listed on NYSE
under the symbols "ISOS" and "ISOS WS", respectively.
Isos Acquisition Corporation is a blank check company formed for
the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination in any industry, sector, or
geographic region, it intends to focus on businesses in the global
media and entertainment sectors, as well as adjacencies in this
industry, which includes direct-to-consumer businesses, consumer
brands undergoing digital transformation, digitally-enabled
marketplaces, services, and platforms among areas of focus. The
Company is led by Co-Chief Executive Officers George Barrios and Michelle Wilson.
J.P. Morgan Securities LLC and LionTree Advisors LLC acted as
the joint book running managers of the offering. The Company has
granted the underwriters a 45-day option to purchase up to an
additional 3,375,000 units at the initial offering price to cover
over-allotments, if any.
Of the proceeds received from the consummation of the initial
public offering and simultaneous private placement of warrants,
$225,000,000 (or $10.00 per unit sold in the public offering) was
placed in trust. An audited balance sheet of the Company as of
March 5, 2021 reflecting the receipt
of the proceeds upon consummation of the initial public offering
and the private placement will be included as an exhibit to the
Current Report on Form 8-K to be filed by the Company with the
Securities and Exchange Commission ("SEC").
A registration statement relating to these securities has been
filed with and declared effective by the SEC on March 2, 2021. The offering is being made only by
means of a prospectus. When available, copies of the prospectus may
be obtained from J.P. Morgan Securities LLC, 383 Madison Avenue,
New York, NY 10179, 212-834-4533,
or by emailing at prospectus-eq_fi@jpmchase.com or LionTree
Advisors LLC, 660 Madison Avenue, New
York, NY 10065. 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 an 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
Company's business combination. 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 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.
Media Contacts
Ed
Trissel / Kate Thompson /
Tanner Kaufman
Joele Frank, Wilkinson Brimmer
Katcher
212-355-4449
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SOURCE Isos Acquisition Corporation
