Spartan Acquisition Corp. III Announces Closing of $552,000,000 Initial Public Offering, Including Full Exercise of Underwrit...
11 Fevereiro 2021 - 5:49PM
Spartan Acquisition Corp. III (the “Company”) announced today the
closing of its initial public offering (the “IPO”) of 55,200,000
units at a price of $10.00 per unit. This includes the exercise in
full by the underwriters of their option to purchase up to an
additional 7,200,000 units. The units are listed on the New York
Stock Exchange (the “NYSE”) and trade under the ticker symbol
“SPAQ.U”. Each unit consists of one share of the Company’s Class A
common stock and one-fourth of one redeemable warrant, with each
whole warrant entitling the holder thereof to purchase one share of
the Company’s Class A common stock at an exercise price of $11.50
per share. Once the securities comprising the units begin separate
trading, which is expected to be on the 52nd day following the date
of the final prospectus related to the offering, the shares of
Class A common stock and warrants are expected to be listed on the
NYSE under the symbols “SPAQ” and “SPAQ.WS,” respectively.
Credit Suisse, Citigroup and Cowen are acting as book-running
managers and representatives of the underwriters. Morgan Stanley,
Barclays and RBC Capital Markets are acting as book-running
managers for the offering. TD Securities, MUFG and Siebert Williams
Shank are acting as co-managers for the offering.
The public offering was made only by means of a prospectus.
Copies of the prospectus may be obtained from Credit Suisse
Securities (USA) LLC, Attention: Prospectus Department, 6933 Louis
Stephens Drive, Morrisville, North Carolina 27560, or by telephone
at (800) 221-1037 or by email at usa.prospectus@credit-suisse.com;
Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717 or by telephone
at (800) 831-9146; or Cowen and Company, LLC c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, Attn: Prospectus Department, by email at
PostSaleManualRequests@broadridge.com or by telephone at (833)
297-2926.
Registration statements relating to these securities have been
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on February 8, 2021. 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.
About Spartan Acquisition Corp. III
Spartan Acquisition Corp. III was formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination. The
Company intends to focus its search for a target business in the
energy value chain in North America, with a particular focus on
opportunities aligned with energy transition and sustainability
themes. The Company is sponsored by Spartan Acquisition Sponsor III
LLC, which is owned by a private investment fund managed by an
affiliate of Apollo Global Management, Inc. (NYSE: APO).
Forward Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the IPO. 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
prospectus for the Company’s 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.
Contacts:
For investors please contact:info@spartanspaciii.com
For media inquiries please contact:communications@apollo.com
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