INDIANAPOLIS, Jan. 19, 2021 /PRNewswire/ -- Monument
Circle Acquisition Corp. (the "Company") today announced the
closing of its initial public offering of 250,000,000 units, which
includes 3,200,000 units issued pursuant to the exercise by the
underwriters of their over-allotment option. The offering was
priced at $10.00 per unit, resulting
in gross proceeds of $250,000,000,
before deducting underwriting discounts and commissions and other
offering expenses payable by the Company.
The units are listed on The Nasdaq Capital Market ("Nasdaq")
under the symbols "MONCU" and began trading on January 14, 2021. Each unit consists of one share
of Class A common stock of the Company and one-half of one
redeemable warrant, each whole warrant entitling the holder thereof
to purchase one share of Class A common stock at an exercise price
of $11.50 per share. Once the
securities constituting the units begin separate trading, the
Company expects the Class A common stock and warrants will be
listed on Nasdaq under the symbols "MON" and "MONCW,"
respectively.
The Company is sponsored by Monument Circle Sponsor LLC, a
subsidiary of Emmis Communications Corporation. The Company was
formed for the purpose of effecting a merger, stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. It may pursue an initial
business combination target in any business or industry.
Cantor Fitzgerald & Co. and Moelis & Company LLC are
serving as joint book-running managers for the offering.
This offering will only be made by means of a prospectus. Copies
of the preliminary prospectus relating to the offering and final
prospectus, when available, may be obtained from Cantor Fitzgerald
& Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor
New York, New York 10022; Email:
prospectus@cantor.com.
A registration statement relating to these securities has been
declared effective by the U.S. Securities and Exchange Commission
(the "SEC"). 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.
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. 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 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.
Contact: Investor Relations, Ryan A.
Hornaday
RHornaday@emmis.com
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SOURCE Monument Circle Acquisition Corp.