LightJump Acquisition Corporation Announces Closing of Upsized $138 Million Initial Public Offering
20 Janeiro 2021 - 10:00AM
Business Wire
LightJump Acquisition Corporation (the “Company”) today
announced that it closed its upsized initial public offering of
12,000,000 units at $10.00 per unit, generating total gross
proceeds of $120,000,000. Each unit consists of one share of the
Company’s common stock and one-half of one warrant. Each whole
warrant entitles the holder thereof to purchase one share of the
Company’s common stock at a price of $11.50 per share.
The Company also announced that on January 15, 2021 it completed
the sale of an additional 1,800,000 units pursuant to the
underwriters’ over-allotment option granted in connection with the
Company’s initial public offering. The additional units were sold
at $10.00 per unit resulting in additional gross proceeds to the
Company of $18 million. Of the proceeds received from the
consummation of the initial public offering and a simultaneous
private placement of warrants, $138,000,000 (or $10.00 per unit
sold in the public offering) was placed in trust.
The units are listed on the Nasdaq Stock Market LLC under the
symbol “LJAQU”. Once the securities comprising the units begin
separate trading, shares of the common stock and redeemable
warrants are expected to be listed on Nasdaq under the symbols
“LJAQ” and “LJAQW,” respectively.
The Company is a blank check company formed for the purpose of
entering into 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 in any industry, the Company intends to focus its
search for a business that directly or indirectly offers specific
technology solutions or broader technology software and
services.
EarlyBirdCapital, Inc. acted as sole book-running manager for
the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from EarlyBirdCapital, Inc., 366
Madison Avenue, 8th Floor, New York, NY 10017, Attn: Syndicate
Department, 212-661-0200.
Registration Statements relating to the securities became
effective on January 8, 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.
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 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 preliminary prospectus for
the Company’s 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210120005140/en/
Robert Bennett Chief Executive Officer
rbennett@lightjumpcapital.com
LightJump Acquisition (NASDAQ:LJAQU)
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