Merida Merger Corp. I Announces Pricing of USD$120 Million Initial Public Offering
05 11월 2019 - 1:06PM
Merida Merger Corp. I (Nasdaq: MCMJU NEO: MMK.UN) (the “Company”)
announced today that it priced its initial public offering of
12,000,000 units at USD$10.00 per unit. The units will commence
trading November 5, 2019 on Nasdaq under the symbol “MCMJU” and are
expected to commence trading on the Neo Exchange Inc. (the “NEO”)
on or about November 8, subject to satisfying certain listing
conditions, under the symbol “MMK.UN”. Each unit consists of one
share of common stock of the Company (“Common Stock”),
and one-half of one redeemable warrant (“Warrant”) with each
whole Warrant entitling the holder to purchase one share of Common
Stock at a price of USD$11.50 per share. Once the securities
comprising the units begin separate trading, the Common Stock and
Warrants are expected to be traded on Nasdaq under the symbols
“MCMJ”, and “MCMJW” and on the NEO under the symbols “MMK.U” and
“MMK.WT.U”, respectively.
The underwriters have been granted a 45-day option to
purchase up to an additional 1,800,000 units offered by the Company
to cover over-allotments, if any.
The offering is expected to close on or about November 7, 2019,
subject to customary closing conditions.
EarlyBirdCapital, Inc. is acting as sole book-running manager of
the offering. This offering is being made concurrently in each of
the provinces of Canada except Québec and in the United
States. EarlyBirdCapital has engaged Echelon Wealth Partners
Inc. to act as its agent to offer the units in each of the
provinces of Canada other than Québec.
A registration statement relating to these securities has been
declared effective by the Securities and Exchange Commission on
November 4, 2019. The offering is being made only by means of a
prospectus, copies of which may be obtained by contacting
EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, NY
10017, Attn: Syndicate Department, 212-661-0200. Copies of the
registration statement can be accessed through the SEC’s website
at www.sec.gov.
A Canadian final prospectus relating to up to 10,000,000 units
of the offering has also been filed with securities commissions or
similar authorities in each of the provinces
of Canada other than Québec. The final prospectus
contains important detailed information about the securities being
offered. Copies of the final prospectus will be available on SEDAR
at www.sedar.com. Copies of the final prospectus may also be
obtained from Echelon Wealth Partners Inc.,
at ECM@echelonpartners.com. Investors should read the
prospectus before making an investment decision.
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 Merida Merger Corp. I
Merida Merger Corp. I is a blank check company formed for the
purpose of entering into a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or
other similar business combination with one or more businesses or
entities. The Company’s efforts to identify a prospective
target business will not be limited to a particular industry or
geographic region although it intends to focus its search for
target businesses in the cannabis industry.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including with respect to the initial public offering
and the anticipated use of the proceeds thereof, are subject to
risks and uncertainties, which could cause actual results to differ
from the forward looking statements, including those set forth in
the risk factors section of the prospectus used in connection with
the Company’s initial public offering. 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. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based, except as required by law.
Contact: Peter Lee President Merida Merger
Corp. I plee@meridacap.com
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