HOUSTON, Aug. 20, 2021 /PRNewswire/ -- Mercury
Ecommerce Acquisition Corp. (Nasdaq: MEACU) (the "Company") today
announced the closing of the issuance of an additional 541,500
units, consisting of one share of Class A common stock and one-half
of one redeemable warrant, pursuant to the partial exercise of the
underwriter's over-allotment option in connection with the
Company's initial public offering (the "Offering").
The additional units were sold at the initial offering price of
$10.00 per unit, generating
additional gross proceeds of $5,415,000 to the Company and bringing the total
gross proceeds of the Offering to $180,415,000. Each unit consists of one Class A
ordinary share of the Company and one-half of one redeemable
warrant. Each whole warrant entitles the holder thereof to purchase
one Class A ordinary share of the Company at a price of
$11.50 per share. The Company's units
began trading on the Nasdaq Capital Market on
July 28, 2021 under the ticker symbol "MEACU." Once the
securities comprising the units begin separate trading, the Class A
ordinary shares and warrants are expected to be listed on Nasdaq
under the symbols "MEAC" and "MEACW," respectively.
The Company, led by Chairman Blair
Garrou and President and CEO Andrew
White, is a newly organized 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 or entities. While the
company may pursue an investment opportunity in any business or
industry, it intends to focus its search for a target business or
businesses in the e-commerce technology and tech-enabled services
industry in North America.
Needham & Company is acting as Sole Book-Running Manager for
the offering.
The offering is being made in the
United States only by means of a prospectus. Copies of the
prospectus relating to the offering, when available, may be
obtained by contacting Needham & Company, LLC, Attention:
Prospectus Department, 250 Park Avenue, 10th Floor, New York, NY 10177, by telephone at
800-903-3268 or by email at prospectus@needhamco.com. Copies of the
prospectus relating to this offering, when available, may also be
obtained for free by visiting EDGAR on the Securities and Exchange
Commission's (the "SEC") website at www.sec.gov.
A registration statement relating to the securities became
effective on July 27, 2021 in
accordance with Section 8(a) of the Securities Act of 1933, as
amended. 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.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains statements that
constitute "forward-looking statements," including with respect to
the closing of the proposed initial public offering and the
anticipated use of the net proceeds. No assurance can be given that
the offering discussed above will be completed on the terms
described, or at all, or 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 registration statement and preliminary 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.
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SOURCE Mercury Ecommerce Acquisition Corp