HONG KONG, Feb. 9, 2021 /PRNewswire/ -- HH&L Acquisition
Co. (NYSE: HHLA.U) (the "Company") today announced the closing of
its initial public offering of 41,400,000 units, which includes
5,400,000 units issued pursuant to the exercise by the underwriters
of their over-allotment option, at a public offering price of
$10.00 per unit. Each unit consists
of one Class A ordinary share and one-half of one redeemable
warrant, with each whole warrant exercisable to purchase one Class
A ordinary share at a price of $11.50
per share.
The units are listed on the New York Stock Exchange ("NYSE") and
commenced trading under the ticker symbol "HHLA.U" on February 5, 2021. Once the securities comprising
the units begin separate trading, the Class A ordinary shares and
warrants are expected to be listed on the NYSE under the symbols
"HHLA" and "HHLA WS," respectively.
HH&L Acquisition Co. is a blank check company formed for the
purpose of effecting a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with
one or more businesses. Although the Company's efforts to identify
a prospective business combination opportunity will not be limited
to a particular industry, it intends to focus on healthcare or
healthcare-related companies in Asian markets with a focus on the
Greater China market, or global
healthcare or healthcare-related companies with a meaningful growth
thesis in the Greater China or
Asian markets, which can benefit from the expertise and
capabilities of our management team in order to create long-term
shareholder value.
Goldman Sachs (Asia) L.L.C. and
Credit Suisse Securities (USA) LLC
acted as the representatives of the underwriters.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on February 4,
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 offering was made only by means of a prospectus. Copies of
the prospectus relating to this offering may be obtained from
Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attention: Prospectus
Department, Telephone: 1-866-471-2526, Email: prospectus-ny@gs.com
and Credit Suisse Securities (USA)
LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive,
Morrisville, North Carolina 27560,
Telephone: 1-800-221-1037, Email:
usa.prospectus@credit-suisse.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
Company's 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.
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SOURCE HH&L ACQUISITION CO