TB SA Acquisition Corp Announces Pricing of $200,000,000 Initial Public Offering
23 Marzo 2021 - 5:00AM
Business Wire
TB SA Acquisition Corp (the “Company”), a newly incorporated
blank check company formed as a Cayman Islands exempted company and
established 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, today
announced the pricing of its initial public offering of 20,000,000
units at a price of $10.00 per unit. The Company is sponsored by
TCP SA, LLC, a Cayman Islands limited liability company affiliated
with TowerBrook Capital Partners L.P. The Company intends to
identify a potential initial business combination target with a
focus on African companies that promote Environmental, Social and
Governance (“ESG”) principles. The units are expected to be listed
on The Nasdaq Capital Market (the “NASDAQ”) and trade under the
ticker symbol “TBSAU” beginning March 23, 2021. Each unit consists
of one Class A ordinary share and one-third of one redeemable
warrant. Each whole warrant may be exercised for one Class A
ordinary share at a price of $11.50 per share. Only whole warrants
are exercisable. Once the securities comprising the units begin
separate trading, the Class A ordinary shares and warrants are
expected to be listed on the NASDAQ under the symbols “TBSA” and
“TBSAW,” respectively.
The offering is expected to close on March 25, 2021, subject to
customary closing conditions.
Deutsche Bank Securities Inc. is acting as underwriter for the
offering. The Company has granted the underwriter a 45-day option
to purchase up to an additional 3,000,000 units at the initial
public offering price to cover over-allotments, if any.
When available, copies of the prospectus may be obtained from
Deutsche Bank Securities Inc., Attention: Prospectus Department, 60
Wall Street, New York, New York 10005, by telephone at 800-503-4611
or by e-mail prospectus.cpdg@db.com.
A registration statement relating to the securities became
effective by the Securities and Exchange Commission (“SEC”) on
March 22, 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.
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering, the anticipated use of the net
proceeds and potential initial business combination targets. 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 for
the Company’s offering filed with the SEC and the preliminary
prospectus included therein. 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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version on businesswire.com: https://www.businesswire.com/news/home/20210323005542/en/
Media Brunswick Group Alex Yankus Tel: +1 (917) 818-5204 E-mail: ayankus@brunswickgroup.com
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