Bright Lights Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering
06 Enero 2021 - 5:50PM
Bright Lights 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 trade under the ticker symbol “BLTSU”
beginning January 7, 2021. Each unit consists of one share of Class
A common stock and one-half of one redeemable warrant. Each whole
warrant entitles 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. Once the securities comprising the units begin
separate trading, the shares of Class A common stock and redeemable
warrants are expected to be listed on Nasdaq under the symbols
“BLTS” and “BLTSW,” respectively.
The Company, led by Chief Executive Officer, Michael Mahan,
Co-Chairmen of the board of directors, Allen Shapiro and John
Howard, and Chief Financial Officer, Hahn Lee, 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. The
Company intends to focus on businesses in the consumer products and
media, entertainment and sports sectors that can benefit from
celebrity ownership and/or partnership. The Company’s board of
directors also includes Ciara Wilson, Peter Guber, Mark Shapiro and
Selena Kalvaria.
Jefferies LLC and Moelis & Company LLC are acting as joint
book-running managers. 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. When
available, copies of the prospectus may be obtained from Jefferies
LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison
Avenue, 2nd Floor, New York, NY 10002, by telephone: 877-821-7388
or by email: Prospectus_Department@Jefferies.com.
A registration statement relating to the securities was declared
effective by the Securities and Exchange Commission (the “SEC”) on
January 6, 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.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering. No assurance can be given that
the offering 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 for the Company’s offering filed with the U.S. SEC and
the preliminary prospectus included therein. 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.
Investor Contact:
Hahn LeeChief Financial Officer and SecretaryTelephone: (310)
421-1472Email: info@brightlightsacquisition.com
Bright Lights Acquisition (NASDAQ:BLTS)
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