Kismet Acquisition One Corp Announces Pricing of $250 Million Initial Public Offering
05 Agosto 2020 - 7:15PM
Kismet Acquisition One Corp (the “Company”), a special purpose
acquisition company formed for the purpose of acquiring, engaging
in a share exchange, share reconstruction and amalgamation,
contractual control arrangement with, purchasing all or
substantially all of the assets of, or engaging in any other
similar initial business combination with one or more businesses or
entities, today announced the pricing of its initial public
offering of 25,000,000 units at a price of $10.00 per unit. The
units are expected to be listed on the Nasdaq Capital Market and
trade under the ticker symbol “KSMTU” beginning August 6, 2020.
Each unit consists of one ordinary share of the Company and
one-half of one redeemable warrant. Each whole warrant entitles the
holder thereof to purchase one ordinary share at a price of $11.50
per share. Once the securities comprising the units begin separate
trading, the Company expects that its ordinary shares and warrants
will be listed on the Nasdaq Capital Market under the symbols
“KSMT” and “KSMTW,” respectively.
While the Company, led by Chairman and Chief Executive Officer
Ivan Tavrin, may pursue an acquisition opportunity in any industry
or sector and in any region, it intends to focus on companies in
the telecommunications infrastructure, internet and technology and
consumer goods and services sectors operating in Russia.
Credit Suisse Securities (USA) LLC and BofA Securities are
acting as joint book running managers for the offering. The Company
has granted the underwriters a 45-day option to purchase up to
3,750,000 additional units at the initial public offering
price.
The public offering is being made only by means of a prospectus.
When available, copies of the prospectus relating to the offering
may be obtained from Credit Suisse, Attn: Prospectus Department,
Eleven Madison Avenue, 3rd Floor, New York, New York 10010,
Telephone: 1-800-221-1037, Email: usa.prospectus@credit-suisse.com;
or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte, NC 28255-0001, Attention: Prospectus Department,
or by email at dg.prospectus_requests@bofa.com.
A registration statement relating to the securities became
effective on August 5, 2020. 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.
The offering is expected to close on August 10, 2020, subject to
customary closing conditions.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds thereof and with respect to any business combination or
acquisition opportunity. No assurance can be given that the
offering discussed above will be completed on the terms described,
or at all, or 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 U.S. Securities and Exchange
Commission (the “SEC”). Copies of these documents 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.
Contact:Kismet Acquisition One Corp.+7 (499)
755-2134info@kismetcg.com
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