Endurance Acquisition Corp. Announces Closing of $200,000,000 Initial Public Offering
17 Setembro 2021 - 5:05PM
Business Wire
Endurance Acquisition Corp. (the “Company”) announced today that
it closed its initial public offering of 20,000,000 units at $10.00
per unit. The gross proceeds from the offering were $200 million
before deducting underwriting discounts and estimated offering
expenses. The units began trading on the Nasdaq Capital Market
under the ticker symbol “EDNCU” on September 15, 2021. Each unit
consists of one Class A ordinary share of the Company and one-half
of one redeemable warrant. Each whole warrant entitles the holder
thereof to purchase one Class A ordinary share at a price of $11.50
per share, subject to adjustment. Only whole warrants are
exercisable. Once the securities comprising the units begin
separate trading, the Class A ordinary shares and redeemable
warrants are expected to be listed on the Nasdaq Capital Market
under the symbols “EDNC” and “EDNCW,” respectively.
Endurance Acquisition Corp. is a blank check company,
incorporated as a Cayman Islands exempted company for the purpose
of effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses or assets. The Company intends to focus its
search for a target business operating in data infrastructure and
analytics, with a primary focus on space and wireless industries
and related technology and services, or “space-based tech”
businesses. These businesses can be found across the platforms and
sensors, mobile communications, Internet of Things and artificial
intelligence and big data analytics sectors.
Cantor Fitzgerald & Co acted as sole book-running manager
for the offering. Truist Securities acted as lead manager for the
offering. The Company has granted the underwriter a 45-day option
to purchase up to an additional 3,000,000 units at the initial
public offering price to cover over-allotments, if any.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from Cantor Fitzgerald & Co.,
Attn: Capital Markets, 499 Park Avenue, 5th Floor New York, New
York 10022, Email: prospectus@cantor.com.
The registration statement relating to the securities became
effective on September 14, 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.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated use of the net proceeds, the Company’s approach to and
the types of businesses the Company will focus on in its search to
identify a target it its initial business combination. 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 prospectus relating to the offering filed with the U.S.
Securities and Exchange Commission (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.
About Endurance Acquisition Corp.
Endurance Acquisition Corp. is a blank check company,
incorporated as a Cayman Islands exempted company for the purpose
of effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses or assets. The Company intends to focus its
search for a target business operating in data infrastructure and
analytics, with a primary focus on space and wireless industries
and related technology and services, or “space-based tech”
businesses. The Company plans to leverage its management team’s,
directors’, advisors’ and sponsor’s extensive experience across its
target sectors to seek to identify attractive initial business
combination opportunities.
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version on businesswire.com: https://www.businesswire.com/news/home/20210917005503/en/
Investor Contact: Endurance Acquisition Corp.
info@enduranceacquisition.com
Media Relations: ICR Brian.Ruby@icrinc.com
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