ACKRELL SPAC PARTNERS I CO. ANNOUNCES CLOSING OF UPSIZED $138 MILLION INITIAL PUBLIC OFFERING, INCLUDING THE OVER-ALLOTMENT O...
23 Dezembro 2020 - 2:49PM
Ackrell SPAC Partners I Co. (“Ackrell” or the “Company”) (NASDAQ:
ACKIU) announced today that it closed its upsized initial public
offering of 13,800,000 units, including the full exercise of the
underwriters’ over-allotment option, at $10.00 per unit, resulting
in gross proceeds of $138,000,000.
The Company’s units began trading on the NASDAQ
Capital Market (“NASDAQ”) on December 21, 2020, under the ticker
symbol “ACKIU.” Each unit consists of one subunit and one-half of a
redeemable warrant. Each subunit consists of one share of the
Company’s common stock and one-half of a redeemable warrant. Each
full warrant entitles the holder thereof to purchase one share of
common stock at a price of $11.50 per share. Once the securities
comprising the units begin separate trading, the subunits and
warrants are expected to be listed on NASDAQ under the symbols
“ACKIT” and “ACKIW,” respectively. Assuming the Company
consummates an initial business combination, the subunits that are
not redeemed at or prior to the initial business combination will
separate into the underlying shares of common stock and warrants
and the units and subunits will cease to trade.
Ackrell 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. While the Company may
pursue an acquisition in any business industry or sector, it
intends to concentrate its efforts on identifying businesses in the
branded fast-moving consumer goods industry.
The Company is led by Chairman Michael Ackrell,
Vice Chairman Shannon Soqui, Chief Executive Officer Jason Roth,
Chief Operating Officer & President Stephen Cannon and Chief
Financial Officer Long Long.
Registration statements relating to these
securities were declared effective by the Securities and Exchange
Commission (“SEC”) on December 21, 2020. The offering was made only
by means of a prospectus, copies of which may be obtained by
contacting EarlyBirdCapital, Inc., Attn: Syndicate Department, 366
Madison Avenue, 8th Floor, New York, New York 10017.
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 STATEMENTSThis
press release includes forward-looking statements that involve
risks and uncertainties. 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 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.
Investor Contact:Ackrell SPAC Partners I Co.(650)
560-4753Info@ackrellspac.com
Ackrell SPAC Partners I (NASDAQ:ACKIU)
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