GREENWICH, Conn., July 20, 2016 /PRNewswire/ -- Conyers Park
Acquisition Corp. (NASDAQ:CPAAU) (the "Company") announced today
that it closed its initial public offering of 40,250,000 units,
including 2,750,000 units issued pursuant to the full exercise by
the underwriters of their over-allotment option. The offering was
priced at $10.00 per unit, resulting
in gross proceeds of $402,500,000.
The Company, led by James M. Kilts,
David J. West and Brian K. Ratzan, is a newly organized blank
check company formed for the purpose of effecting a merger or other
business combination with a target company. The proceeds of the
offering will be used to fund such business combination.
The Company's units began trading on the NASDAQ Capital Market
under the ticker symbol "CPAAU" on July 15,
2016. Each unit consists of one share of the Company's Class
A common stock and one-third of one warrant. Each whole warrant
will entitle the holder thereof to purchase one whole share of the
Company's Class A common stock at $11.50 per share. Once the securities comprising
the units begin separate trading, the common stock and warrants are
expected to be listed on the NASDAQ Capital Market under the ticker
symbols "CPAA" and "CPAAW", respectively.
Deutsche Bank Securities and Goldman, Sachs & Co. served as
joint book runners for the offering, and Cantor Fitzgerald &
Co. served as co-manager.
The offering was made only by means of a prospectus, copies of
which may be obtained from Deutsche Bank Securities Inc., Attn:
Prospectus Group, 60 Wall Street, New
York, NY 10005, by telephone at 1-800-503-4611 or by email
at prospectus.CPDG@db.com; Goldman, Sachs & Co., Attention:
Prospectus Department, 200 West Street, New York, NY 10282, by telephone toll-free at
1-866-471-2526 or by email at prospectus-ny@ny.email.gs.com; and
Cantor Fitzgerald & Co., Attn: Prospectus Group, 499 Park
Avenue, New York, NY 10022, by
telephone at 1-212-915-1067 or by email at
prospectus@cantor.com.
A registration statement relating to these securities has been
filed with, and declared effective by, the Securities and Exchange
Commission on July 14,
2016.
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
anticipated use of the net proceeds. No assurance can be given 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 prospectus for the offering filed with the Securities
and Exchange Commission ("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
Julia
Wilfert
Brunswick Group
212-333-3810
jwilfert@brunswickgroup.com
Ashleigh Womack
Brunswick Group
212-333-3810
awomack@brunswickgroup.com
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SOURCE Conyers Park Acquisition Corp.