Osprey Energy Acquisition Corp. Announces Pricing of $250,000,000 Initial Public Offering
20 Julio 2017 - 4:43PM
Osprey Energy Acquisition Corp. (NASDAQ:OSPRU) (the “Company”), an
energy-focused special purpose acquisition entity formed for the
purpose of entering into a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses, today announced the
pricing of its initial public offering of 25,000,000 units at a
price of $10.00 per unit, for gross proceeds to the Company of
$250,000,000. The Company's units will be listed on the Nasdaq
Capital Market under the symbol "OSPRU" and will begin trading on
July 21, 2017. Each unit issued in the offering consists of one
share of the Company’s common stock and one-half of one warrant,
each whole warrant exercisable for one share of common stock at an
exercise price of $11.50 per share. No fractional warrants will be
issued upon separation of the units and only whole warrants will
trade. The closing of the offering is anticipated to take place on
or about July 26, 2017.
Credit Suisse Securities (USA) LLC is serving as
the sole book-running manager and I-Bankers Securities, Inc. is
serving as co-manager for the offering. The Company has granted the
underwriters a 45-day option to purchase up to an additional
3,750,000 units at the initial public offering price to cover
over-allotments, if any.
A registration statement relating to the units
and the underlying securities was declared effective by the U.S.
Securities and Exchange Commission on July 20, 2017. 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.
This offering was made by means of a prospectus,
copies of which may be obtained for free by visiting the U.S.
Securities and Exchange Commission website at http://www.sec.gov.
Alternatively, a copy of the prospectus relating to the offering
may be obtained from Credit Suisse Securities (USA) LLC,
Attention: Prospectus Department, One Madison Avenue, New
York, NY 10010, or by telephone at (800) 221-1037, or by email at
newyork.prospectus@credit-suisse.com.
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the initial public offering. No assurance can be given that such
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 and preliminary prospectus for the offering filed with
the U.S. Securities and Exchange Commission. 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 Information:
Jeffrey F. Brotman
Chief Financial Officer, Chief Legal Officer and Secretary
Osprey Energy Acquisition Corp.
(215) 523-6161
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