10X Capital Venture Acquisition Corp Announces Pricing of $175 Million Initial Public Offering
24 11월 2020 - 9:48PM
10X Capital Venture Acquisition Corp (the “Company”) today
announced the pricing of its initial public offering of 17,500,000
units at a price of $10.00 per unit. The units will be listed on
the Nasdaq Capital Market (“Nasdaq”) and trade under the ticker
symbol “VCVCU” beginning on November 24, 2020. Each unit consists
of one share of Class A common stock and one-half of one redeemable
warrant, with each whole warrant exercisable to purchase one share
of Class A common stock at a price of $11.50 per share. Only whole
warrants will be exercisable. Once the securities comprising the
units begin separate trading, the shares of Class A common stock
and warrants are expected to be listed on Nasdaq under the symbols
“VCVC” and “VCVCW,” respectively.
10X Capital Venture Acquisition Corp is a 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. The
Company intends to focus on identifying high growth technology and
tech-enabled businesses domestically and abroad in the consumer
internet, ecommerce, software, healthcare and financial services
industries, as well as other industries that are being disrupted by
advances in technology and on technology paradigms including
artificial intelligence, automation, data science, ecommerce and
Software-as-a-Service.
Wells Fargo Securities is acting as the sole book-running
manager for the offering. The Company has granted the underwriters
a 45-day option to purchase up to an additional 2,625,000 units at
the initial public offering price to cover over-allotments, if
any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus relating to this offering may
be obtained from Wells Fargo Securities, Attention: Equity
Syndicate Department, 500 West 33rd Street, New York, New York,
10001, at (800) 326-5897 or emailing a request to
cmclientsupport@wellsfargo.com.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on November 23, 2020. 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.
Forward Looking-Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the 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 for
the initial public 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
Colby Billhardt10X Capital(203) 313-5588colby@10xcapital.com
10X Capital Venture Acqu... (NASDAQ:VCVCW)
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10X Capital Venture Acqu... (NASDAQ:VCVCW)
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