Ignyte Acquisition Corp. Announces Pricing of $50,000,000 Initial Public Offering
27 Enero 2021 - 6:12PM
Business Wire
Ignyte Acquisition Corp. (NASDAQ:IGNYU) (the “Company”)
announced today that it priced its initial public offering of
50,000,000 units at $10.00 per unit. The units will be listed on
the Nasdaq Capital Market (“Nasdaq”) and trade under the ticker
symbol “IGNYU” beginning January 28, 2021. Each unit consists of
one share of common stock and one-half of one warrant to purchase
one share of common stock at a price of $11.50 per share, subject
to adjustment. Once the securities comprising the units begin
separate trading, the common stock and warrants are expected to be
listed on Nasdaq under the symbols “IGNY” and “IGNYW,”
respectively.
EarlyBirdCapital, Inc. is acting as the sole book running
manager for the offering. The Company has granted the underwriters
a 45-day option to purchase up to an additional 750,000 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
EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, NY
10017, Attn: Investor Relations, 212-661-0200. Copies are also
available on the Securities and Exchange Commission’s website,
www.sec.gov.
A registration statement relating to these securities has been
declared effective by the Securities and Exchange Commission on
January 27, 2021. This press release shall not constitute an offer
to sell or a 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.
Ignyte Acquisition Corp. is a blank check company organized for
the purpose of effecting a merger, capital stock exchange, asset
acquisition or other similar business combination with one or more
businesses or entities. The Company’s efforts to identify a
prospective target business will not be limited to any particular
industry or geographic region, although the Company currently
intends to focus on target businesses in the life sciences,
biotechnology and healthcare sectors. The Company is led by
Chairman and Co-Chief Executive Officer, David Rosenberg, Co-Chief
Executive Officer, David J. Strupp, Jr., and Chief Financial
Officer, Steven Kaplan.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including the successful consummation of the Company’s
initial public offering, are subject to risks and uncertainties,
which could cause actual results to differ from the forward looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company’s expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
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version on businesswire.com: https://www.businesswire.com/news/home/20210127006028/en/
David Rosenberg Co-Chief Executive Officer Ignyte Acquisition
Corp. drosenberg@ignytespac.com
Ignyte Acquisition (NASDAQ:IGNYU)
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