SilverBox Engaged Merger Corp I Announces Pricing of $300,000,000 Initial Public Offering
26 2월 2021 - 9:05AM
SilverBox Engaged Merger Corp I (the “Company”) today announced the
pricing of its initial public offering of 30,000,000 units
at $10.00 per unit. The units will be listed on the
Nasdaq Stock Market and trade under the ticker symbol “SBEAU”
beginning February 26, 2021.
Each unit consists of one share of the Company’s Class A common
stock and one-third of one redeemable warrant. Each whole warrant
entitles the holder thereof to purchase one share of the Company’s
Class A common stock at a price of $11.50 per share, subject to
adjustment. Once the securities comprising the units begin separate
trading, the Class A common stock and warrants are expected to be
listed on the Nasdaq Stock Market under the symbols “SBEA” and
“SBEAW,” respectively. The initial public offering is expected to
close on March 2, 2021, subject to customary closing
conditions.
In connection with the initial public offering, the Company has
entered into a forward purchase agreement with Engaged Capital,
LLC, that will provide for the aggregate purchase of $100,000,000
of Class A common stock at $10.00 per share. Any such purchases
will take place in a private placement that will close concurrently
with the closing of the Company’s initial business combination.
The Company, which is sponsored by SilverBox Engaged Sponsor LLC
and is led by Joseph Reece and Stephen Kadenacy who will serve as
Executive Chairman and Chief Executive Officer, respectively, 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.
Citigroup Global Markets Inc. and Deutsche Bank Securities Inc.,
are acting as joint book-running managers. The Company has granted
the underwriters a 45-day option to purchase up to 4,500,000
additional units at the initial public offering price to cover
over-allotments, if any.
The initial public offering is being made only by means of a
prospectus. Copies of the prospectus relating to the offering may
be obtained from Citigroup Global Markets Inc., Attn: Prospectus
Department, c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717, by telephone at (800) 831-9146 or
Deutsche Bank Securities Inc., Attn: Prospectus Department, 60 Wall
Street, New York, New York 10005, telephone: 800-503-4611 or email:
prospectus.cpdg@db.com.
A registration statement relating to the securities sold in the
initial public offering has been filed with, and declared effective
by, the Securities and Exchange Commission (“SEC”) on February 25,
2021. 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. The securities to be sold in the private placement
have not been registered under the Securities Act of 1933, as
amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration
requirements of such Act and applicable state securities laws.
Cautionary Note Concerning 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 thereof. No assurance can be given that the funding of the
forward purchase agreement will occur or that the net proceeds of
the offering or forward purchase agreement 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 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.
Contact
Dan Gagnier / Jeff Mathews
Gagnier Communications
646-569-5897
sbcap@gagnierfc.com
SilverBox Engaged Merger... (NASDAQ:SBEAW)
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SilverBox Engaged Merger... (NASDAQ:SBEAW)
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