Vector Acquisition Corporation Announces Closing of $300 Million Initial Public Offering
29 Septiembre 2020 - 3:26PM
Business Wire
Vector Acquisition Corporation (the “Company”), a special
purpose acquisition company led by Alex Slusky and formed for the
purpose of entering into a combination with one or more businesses,
today announced the closing of its initial public offering of
30,000,000 units at a price of $10.00 per unit. Total gross
proceeds from the offering were $300 million before deducting
underwriting discounts and commissions and other offering expenses
payable by the Company.
The units began trading on the Nasdaq Capital Market under the
ticker symbol “VACQU” on September 25, 2020. Each unit consists of
one Class A ordinary share of the Company and one-third of one
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 “VACQ” and
“VACQW,” respectively.
Deutsche Bank Securities Inc. and BofA Securities, Inc. acted as
joint book-running managers for the offering. The Company has
granted the underwriters a 45-day option to purchase up to an
additional 4,500,000 units at the initial public offering price to
cover over-allotments, if any.
The offering was made only by means of a prospectus. Copies of
the final prospectus related to the offering may be obtained from:
Deutsche Bank Securities Inc., Attention: Prospectus Department, 60
Wall Street, New York, New York 10005, telephone: 800-503-4611 or
email: prospectus.cpdg@db.com; or BofA Securities, Inc., Attention:
Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte NC 28255-0001 or email:
dg.prospectus_request@bofa.com.
A registration statement relating to the securities became
effective on September 24, 2020 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20200929006107/en/
Nathaniel Garnick / Grace Cartwright Gasthalter & Co. (212)
257-4170
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