BERLIN and HONG KONG,
Jan. 8, 2021 /PRNewswire/ --
Poema Global Holdings Corp. (the "Company" or "Poema Global"), a
special purpose acquisition company affiliated with Princeville
Capital formed for the purpose of entering into a combination with
one or more businesses, today announced the closing of its initial
public offering of 34,500,000 units at a price of $10.00 per unit, including an additional
4,500,000 units sold pursuant to the full exercise of the
underwriters' over-allotment option. Total gross proceeds from the
offering were $345 million before
deducting underwriting discounts and commissions and other offering
expenses payable by the Company.
Poema Global's sponsor team brings together over 100 years of
combined experience to equip and enable a differentiated global
technology leader to successfully list and to create long-term
value for shareholders in public markets. Led by Co-Chairmen
Emmanuel DeSousa and Joaquin Rodriguez Torres, Chief Executive
Officer Homer Sun and President
Marc Chan, Poema Global seeks to
complete business combinations with companies that have validated
technologies and attractive unit economics, with a particular focus
on Europe and Asia.
The units began trading on the Nasdaq Capital Market under the
ticker symbol "PPGHU" on January 6,
2021. 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. Once the securities comprising
the units begin separate trading, the Class A ordinary shares and
warrants are expected to be listed on the Nasdaq Capital Market
under the symbols "PPGH" and "PPGHW," respectively.
Citigroup Global Markets Inc. and UBS Securities LLC acted as
joint book-running managers of the offering.
The offering was made only by means of a prospectus. Copies of
the final prospectus related to the offering may be obtained from:
Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717 or by telephone at 1-800-831-9146, or UBS
Securities LLC, Attention: Prospectus Department, 1285 Avenue of
the Americas, New York, NY 10019,
by telephone at (888) 827-7275 or by emailing
ol-prospectus-request@ubs.com.
A registration statements relating to the securities became
effective on January 5, 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
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 registration
statement and preliminary prospectus for the Company's offering
filed with the Securities and Exchange Commission ("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.
About the Company:
Poema Global is a newly incorporated blank check company
affiliated with Princeville Capital focused on global business
combinations targets in the technology sector.
Contact:
Joaquin Rodriguez Torres
(e): joaquin@poema-global.com
(o): +852 2508 7288
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SOURCE Poema Global Holdings Corp.