Correction: Global Synergy Acquisition Corp. Announces Closing of $258,750,000 Initial Public Offering
12 Enero 2021 - 10:58PM
Global Synergy Acquisition Corp. (Nasdaq: GSAQU) (“GSAC” or the
“Company”) announced today the closing of its initial public
offering (“IPO”) of 25,875,000 units, including 3,375,000 units
issued to the underwriters upon the full exercise of their
over-allotment option, at a price to the public of $10.00 per unit,
resulting in gross proceeds of $258,750,000. The units began
trading on The Nasdaq Capital Market (“Nasdaq”) under the symbol
“GSAQU” on January 8, 2021. Each unit issued in the IPO consists of
one Class A ordinary share and one-half of one redeemable warrant,
with each whole warrant entitling the holder thereof to purchase
one Class A ordinary share at a price of $11.50 per share. Once the
securities comprising the units begin separate trading, the Class A
ordinary shares and the warrants are expected to be traded on
Nasdaq under the symbols “GSAQ” and “GSAQW,” respectively. No
fractional warrants will be issued upon separation of the units and
only whole warrants will trade. The Company is a blank-check
company formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses.
While the Company may pursue an initial business combination
with a company in any sector or geography, the Company intends to
capitalize on the ability of its management team and board of
directors to identify, acquire and manage a business that can
benefit from the team’s operational and investing expertise in the
IT Services and Business Process Outsourcing sectors.
GSAC is co-led by President and Co-CEO Alok Oberoi and Co-CEO
Suresh Vaswani. Alok Oberoi is the Executive Chairman of the
Everstone Group, Co-Founder and Chairman of the ACPI Group and a
former partner at Goldman Sachs. Suresh Vaswani is a former
President of Dell Services and former Co-CEO of Wipro’s IT
Business. GSAC’s COO and CFO is Murtaza Moochhala, a veteran
investor in the IT Services and Business Process Outsourcing
sectors and a former partner at CVCI Private Equity.
GSAC’s board of directors is chaired by Hank Uberoi, former CEO
and Executive Chairman of Earthport PLC, former COO at Citadel
Investment Group and a former partner and Co-COO of the Technology
Division at Goldman Sachs. The board also includes Brooks
Entwistle, former Chief Business Officer International at Uber,
former CEO of Everstone Capital and a former partner at Goldman
Sachs; Ben Druskin, former Chairman of the Global Technology, Media
and Telecom Investment Banking Group at Citi and a board member at
Endava PLC; and Kirk Wagar, former United States Ambassador to the
Republic of Singapore.
Credit Suisse Securities (USA) LLC and J.P. Morgan Securities
LLC acted as the book-running managers.
The offering is being made only by means of a prospectus. Copies
of the prospectus may be obtained from Credit Suisse Securities
(USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive,
Morrisville, North Carolina 27560, Telephone: 1-800-221-1037,
Email: usa.prospectus@credit-suisse.com and J.P Morgan
Securities LLC, Attn: Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, New York 11717, Telephone: 1-866-
803-9204, Email: prospectus-eq_fi@jpmorgan.com.
The registration statement relating to the securities became
effective on January 7, 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 search
for an initial business combination and the anticipated use of the
net proceeds. No assurance can be given 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 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
Murtaza MoochhalaChief Operating Officer and Chief Financial
OfficerGlobal Synergy Acquisition
Corp.mmoochhala@gsacglobal.com
Global Synergy Acquisition (NASDAQ:GSAQW)
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