Anzu Special Acquisition Corp I Announces Forward Purchase Agreements of Up to $120 Million and Further $120 Million Right of First Offer on Potential Private Placement
07 Diciembre 2021 - 4:06PM
Business Wire
Anzu Special Acquisition Corp I (the “Company” or “ANZU”), today
announced the signing of forward purchase agreements with certain
institutional investors, anchored by Arena Capital Advisors, LLC
and Fir Tree Partners, for up to $120 million in investment in
conjunction with a potential business combination, including up to
$80 million of convertible notes and up to $40 million of the
Company’s Class A common stock. Purchasers of the Company’s Class A
common stock also would receive from the Company’s sponsor a
fraction of a warrant at no consideration, with each whole warrant
exercisable to purchase one share of the Company’s Class A common
stock.
In addition, under the forward purchase agreements, the forward
purchasers have a right of first offer on up to $120 million of the
Company’s equity securities if the Company determines to raise
capital by the private placement of equity securities in connection
with its initial business combination.
The closing under the forward purchase agreements will occur
immediately prior the closing of the Company’s initial business
combination and is subject to certain conditions, including the
approval of the forward purchasers’ respective investment
committees to purchase the securities. For additional information
regarding the forward purchase agreements, see the Company’s
Current Report on Form 8‑K filed today with the Securities and
Exchange Commission.
The issuance of the securities under the forward purchase
agreements will not be registered under the Securities Act of 1933,
as amended (the “Securities Act”), and will be issued in reliance
on the exemption from registration requirements thereof provided by
Section 4(a)(2) of the Securities Act and/or Regulation D
promulgated thereunder.
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 Anzu Special Acquisition Corp I
The Company is a blank check company formed for the purpose of
effecting a merger, share exchange, asset acquisition, stock
purchase, reorganization or similar business combination with one
or more businesses. The Company intends to focus on high-quality
businesses with transformative technologies for industrial
applications.
Additional information on Anzu Special Acquisition Corp I is
available at https://anzuspac.com/.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
issuance of the securities under the forward purchase agreements
and the amount of proceeds therefrom and the Company’s initial
business combination. No assurance can be given that the issuance
of the securities under the forward purchase agreements described
above will be completed on the terms described, or at all. The
Company has not entered into any definitive agreements with respect
to a potential business combination and can provide no assurances
regarding the timing of entering into such agreements or the
closing of any business combination or that the forward purchasers
will ultimately decide to invest therein. Forward-looking
statements are subject to numerous risks, many of which are beyond
the control of the Company, including those set forth in the Risk
Factors section of the Company’s final prospectus for its initial
public offering, which was filed with the SEC on March 3, 2021.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20211207006150/en/
Kalyn Schieffer, kos@anzupartners.com
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