Riverview Acquisition Corp. Announces Closing of $250 Million Initial Public Offering
11 8월 2021 - 6:30AM
Business Wire
Riverview Acquisition Corp. (Nasdaq: RVACU) (the “Company”), a
blank check company whose business purpose is to effect a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses, announced today the closing of its previously announced
initial public offering of 25,000,000 units. The units were sold at
a price of $10.00 per unit. The Company’s units began trading on
August 6, 2021 on the Nasdaq Capital Market under the symbol
“RVACU”. Each unit consists of one share of Class A common stock
and one-half of one redeemable warrant. Each whole warrant is
exercisable to purchase one share of Class A common stock of the
Company at a price of $11.50 per share. Only whole warrants are
exercisable and will trade. Once the securities comprising the
units begin separate trading, the Class A common stock and warrants
are expected to be listed on the Nasdaq Capital Market under the
ticker symbols “RVAC” and “RVACW,” respectively.
While the Company may pursue an initial business combination
target in any industry or geographic region, the Company intends to
focus on combining with consumer-focused enterprises, including
e-commerce, on the energy services and renewables sector and on the
insurance and financial services sector. The Company’s efforts will
be focused on finding companies which we believe have significant
growth prospects. The Company is led by R. Brad Martin, Chairman
and Chief Executive Officer; Charles K. Slatery, President and
Chief Investment Officer; and William V. Thompson III, Treasurer,
Secretary and Chief Financial Officer.
Cantor Fitzgerald & Co. acted as sole bookrunner for the
offering, and Stephens Inc. acted as co-manager. The Company has
granted the underwriters a 45-day option to purchase up to an
additional 3,750,000 units at the initial public offering price to
cover over-allotments, if any.
A registration statement relating to the securities was filed
with, and declared effective by, the Securities and Exchange
Commission (“SEC”) on August 5, 2021. The public offering is being
made only by means of a prospectus. Copies of the prospectus
relating to the offering may be obtained from: Cantor Fitzgerald
& Co., Attention Capital Markets, 499 Park Avenue, New York, NY
10022, or by e-mail at prospectus@cantor.com.
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.
About Riverview Acquisition Corp.
Riverview Acquisition Corp. is a newly organized 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
consumer-focused enterprises, including e-commerce, on the energy
services and renewables sector and on the insurance and financial
services sector.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements.” 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 filed with
the SEC and the preliminary prospectus included therein. Copies of
these documents 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/20210810006007/en/
Media: Jason Chudoba / Megan Kivlehan
Jason.chudoba@icrinc.com / megan.kivlehan@icrinc.com
Riverview Acquisition (NASDAQ:RVACU)
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