WestPark Capital Announces Closing of $64.5 Million Initial Public Offering for Prime Number Acquisition I Corp. (Nasdaq:PNACU)
18 Maio 2022 - 4:35PM
Business Wire
WestPark Capital, Inc., a full-service investment bank and
securities broker-dealer, today announced the completion of an
Initial Public Offering for Prime Number Acquisition I Corp. a
newly organized blank check company incorporated as a Delaware
corporation. The IPO consisted of 6,450,000 units at an offering
price of $10.00 per unit, which includes 450,000 units issued
pursuant to the partial exercise of the underwriter's
over-allotment option, for aggregate gross proceeds to the Company
of $64,500,000. Each unit consists of one share of Class A Common
Stock, one-half of one redeemable warrant, and one right. Each
whole warrant entitles the holder thereof to purchase one share of
Class A Common Stock, and each eight rights entitle the holder
thereof to receive one share of Class A Common Stock upon
consummation of an initial business combination. The exercise price
of the warrants is $11.50 per full share. The units began trading
on the Nasdaq Global Market ("Nasdaq") under the ticker symbol
"PNACU" on May 13, 2022.
WestPark Capital, Inc. and Prime Number Capital, LLC served as
Joint Bookrunners.
A registration statement on Form S-1 (File No. 333-262457)
relating to the securities sold in the initial public offering was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on May 12, 2022. The offering has been made only by
means of a prospectus, copies of which may be obtained by accessing
the SEC's website, www.sec.gov or from WestPark Capital, Inc. -
Attention: Jason Stern, 1900 Avenue of the Stars, 3rd Floor, Los
Angeles, CA 90067 or by Email: syndicate@wpcapital.com or by
telephone at (310) 203-2919.
This press release shall not constitute an offer to sell or a
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.
About WestPark Capital, Inc.
WestPark Capital is a full-service investment bank focused on
emerging growth sectors such as healthcare, software, technology,
biotechnology, financial services, manufacturing, consumer
products, media and telecom industries, among other categories.
WestPark Capital provides a comprehensive range of corporate
finance services, including initial public offerings, follow-on
offerings, private placements, CMPOs, RDs, ATM, SIPOs and corporate
finance advisory services. Additional information about WestPark
Capital is available at www.wpcapital.com or at
info@wpcapital.com.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
Company's initial public offering ("IPO") and search for an 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 Prime Number Acquisition I Corp., including
those set forth in the Risk Factors section of Prime Number
Acquisition I Corp.'s registration statement and prospectus for the
IPO filed with the SEC. Copies are available on the SEC's website,
www.sec.gov. Prime Number Acquisition I Corp. 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/20220518006062/en/
WestPark Capital, Inc. Jason Stern info@wpcapital.com
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