Recharge Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering
30 Setembro 2020 - 8:12PM
Recharge Acquisition Corp. (the “Company”) announced today that it
priced its initial public offering of 20,000,000 units at $10.00
per unit. The units will be listed on the Nasdaq Capital Market
(“Nasdaq”) and will begin trading tomorrow, Thursday, October 1,
2020, under the ticker symbol “RCHGU”. Each unit consists of one
share of the Company’s Class A common stock and one-half of one
redeemable warrant, each whole warrant entitling the holder thereof
to purchase one share of Class A common stock at a price of $11.50
per share. Only whole warrants are exercisable and will trade.
Once the securities comprising the units begin separate
trading, shares of the Class A common stock and warrants are
expected to be listed on Nasdaq under the symbols “RCHG” and
“RCHGW,” respectively.
The Company is a blank check company formed for
the purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus its search on companies in the
convenience store industry. The Company is led by Chairman, Rajesh
Soin, Chief Executive Officer, Anthony Kenney, and Chief
Financial Officer, Michael Gearhardt.
Raymond James & Associates, Inc. and EarlyBirdCapital, Inc.
are acting as the joint book running managers for the offering. The
Company has granted the underwriters a 45-day option to purchase up
to an additional 3,000,000 units at the initial public offering
price to cover over-allotments, if any.
The offering is being made only by means of a
prospectus. Copies of the prospectus may be obtained, when
available, from: Raymond James & Associates, Inc., 880 Carillon
Parkway, St. Petersburg, Florida 33716, Attention: Equity
Syndicate, 1-800-248-8863, prospectus@raymondjames.com; or from
EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, NY
10017, Attn: Syndicate Department, 212-661-0200.
A registration statement relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission (“SEC”) on September 30,
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
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 contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering. No assurance can be given that the
offering discussed above will be completed on the terms described,
or at all. 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
offering filed with the 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.
Contact
Anthony Kenney Recharge Acquisition Corp. (937) 610-4057
Recharge Acquisition (NASDAQ:RCHGU)
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