Corner Growth Acquisition Corp. 2 Announces Closing of $185 Million Initial Public Offering
21 Junho 2021 - 5:01PM
Business Wire
Corner Growth Acquisition Corp. 2 (the “Company”), a special
purpose acquisition company formed for the purpose of effecting a
merger, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses, today announced the closing of its initial public
offering of 18,500,000 units at a price of $10.00 per unit,
including an additional 1,000,000 units sold pursuant to the
exercise of the underwriter’s over-allotment option. Total gross
proceeds from the offering were $185 million before deducting
underwriting discounts and commissions and other offering expenses
payable by the Company.
The units began trading on The Nasdaq Capital Market (the
“Nasdaq”) under the ticker symbol “TRONU” on June 17, 2021. Each
unit consists of one Class A ordinary share of the Company and
one-third of one redeemable warrant. Each whole warrant entitles
the holder thereof to purchase one Class A ordinary share of the
Company at a price of $11.50 per share. Once the securities
comprising the units begin separate trading, the Class A ordinary
shares and warrants are expected to be listed on the Nasdaq under
the symbols “TRON” and “TRONW” respectively.
Led by Co-Chairman John Cadeddu, Co-Chairman and Chief Executive
Officer Marvin Tien and a team of venture capital investors, the
Company expects to focus on the technology industry in the United
States and other developed countries.
Cantor Fitzgerald & Co. acted as sole book-running manager
for the offering. The offering was made only by means of a
prospectus. Copies of the final prospectus related to the offering
may be obtained from: Cantor Fitzgerald & Co., Attn: Capital
Markets, 499 Park Avenue, 5th Floor, New York, New York, 10022;
Email: prospectus@cantor.com.
A registration statement relating to the securities became
effective on June 16, 2021 in accordance with Section 8(a) of the
Securities Act of 1933, as amended. 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
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 final 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/20210621005745/en/
Company: Kevin Tanaka Director of Corporate Development
Corner Growth Acquisition Corp. kevin@cornercapitalgroup.com
Media: Brian Ruby ICR Brian.ruby@icrinc.com
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