Bridgetown Holdings Limited Announces Closing of Underwriters’ Option to Purchase Additional Units in Connection with its I...
29 Outubro 2020 - 7:29PM
Bridgetown Holdings Limited (the “Company”) today announced that it
closed the issuance of an additional 4,499,351 units pursuant to
the exercise of the underwriters’ option to purchase additional
units in connection with its initial public offering at $10.00 per
unit, resulting in gross proceeds of $44,993,510 and bringing the
total gross proceeds of the initial public offering to
$594,993,510.
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 Securities LLC and BTIG, LLC acted as joint-book running
managers of the offering.
The Company’s units are listed on The Nasdaq Capital Market (the
“Nasdaq”) and commenced trading on October 16, 2020 under the
ticker symbol “BTWNU”. 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.
Of the proceeds received from the consummation
of the initial public offering (as well as the exercise of the
option to purchase additional units) and related private placements
of warrants, $594,993,510 (or $10.00 per unit sold in the public
offering) was placed in trust. An audited balance sheet of the
Company as of October 20, 2020 reflecting receipt of the proceeds
upon consummation of the initial public offering and the concurrent
private placement (but not including the closing of the additional
units described herein or the private placement on such date) was
included as an exhibit to a Current Report on Form 8-K to be filed
by the Company with the Securities and Exchange Commission (the
“SEC”).
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 was made by means of a prospectus. 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
Company’s search for an initial business combination.
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+852-9755-6265Karin.Wong@pcg-group.com
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