Bridgetown Holdings Limited Announces Pricing of $550 Million Initial Public Offering
16 Outubro 2020 - 8:00AM
Bridgetown Holdings Limited (the “Company”) announced today the
pricing of its initial public offering of 55,000,000 units at a
price of $10.00 per unit. The units will be listed on The Nasdaq
Capital Market (the “Nasdaq”) and trade under the ticker symbol
“BTWNU” beginning on October 16, 2020. Each unit consists of one
Class A ordinary share and one-third of one redeemable warrant,
with each whole warrant exercisable to purchase one Class A
ordinary share at a price of $11.50 per share. After the securities
comprising the units begin separate trading, the Class A ordinary
shares and warrants are expected to be listed on Nasdaq under the
symbols “BTWN” and “BTWNW,” respectively. The offering is expected
to close on October 20, 2020.
Bridgetown Holdings Limited is a blank check company
incorporated for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses. While the Company
may pursue a business combination target in any business or
industry, the Company intends to focus on a target with operations
or prospective operations in the technology, financial services, or
media sectors in Southeast Asia. The Company is led by Chief
Executive Officer and Chief Financial Officer, Daniel Wong, and
Chairman Matt Danzeisen.
UBS Investment Bank and BTIG, LLC are acting as joint-book
running managers of the offering. The Company has granted the
underwriters a 45-day option to purchase up to an additional
8,250,000 units at the initial public offering price to cover
over-allotments, if any.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on October 15, 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.
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 UBS Securities LLC, Attn: Prospectus Department,
1285 Avenue of the Americas, New York, NY 10019, or by telephone at
(888) 827-7275, or by e-mail at olprospectusrequest@ubs.com; or
BTIG, LLC, 65 East 55th Street, New York, NY 10022, or by e-mail at
equitycapitalmarkets@btig.com.
Cautionary Note Concerning 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 Karin Wong +852-9755-6265
Karin.Wong@pcg-group.com
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