Allegro Merger Corp. Announces Closing of $149,500,000 Initial Public Offering
09 Julho 2018 - 9:00AM
Allegro Merger Corp. (NASDAQ: ALGRU) (the
“Company”) announced today that it has consummated its initial
public offering of 14,950,000 units at $10.00 per unit, including
the full 1,950,000 units subject to the underwriters’
over-allotment option. The units have been listed on the
Nasdaq Capital Market ("Nasdaq") and trade under the ticker symbol
"ALGRU." Each unit consists of one share of common
stock, one right to receive one-tenth of one share of common stock
upon consummation of an initial business combination and
one warrant to purchase one share of common stock. Once
the securities comprising the units begin separate trading, the
common stock, rights and warrants are expected to be listed on
Nasdaq under the symbols “ALGR,” “ALGRR” and “ALGRW,” respectively.
Allegro Merger Corp. is a blank check company
organized for the purpose of effecting a merger, capital stock
exchange, asset acquisition or other similar business combination
with one or more businesses or entities. The Company’s efforts to
identify a prospective target business will not be limited to any
particular industry or geographic region.
Cantor Fitzgerald & Co. acted as the sole book running
manager for the offering. Chardan acted as lead manager.
Graubard Miller acted as counsel to the Company and Ellenoff
Grossman & Schole LLP acted as counsel to the underwriters.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained, when available, from Cantor
Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue,
5th Floor New York, New York 10022; Email:
prospectus@cantor.com.
Of the proceeds received from the consummation of the initial
public offering (as well as the exercise of the over-allotment
option) and a simultaneous private placement of units, $149,500,000
(or $10.00 per unit sold in the public offering) was placed in
trust. An audited balance sheet of the Company as of July 6, 2018
reflecting receipt of the proceeds upon consummation of the initial
public offering (as well as the exercise of the over-allotment
option) and the private placement will be 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 has been
filed with, and declared effective by, the SEC on July 2,
2018. 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
an 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 includes forward-looking statements that
involve risks and uncertainties. Forward looking statements
are statements that are not historical facts. Such
forward-looking statements, including the successful consummation
of the Company’s initial public offering, are subject to risks and
uncertainties, which could cause actual results to differ from the
forward looking statements. The Company expressly disclaims
any obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
David D. Sgro
Chief Operating Officer
Allegro Merger Corp.
212-319-7676
Allegro Merger (NASDAQ:ALGRU)
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