Anzu Special Acquisition Corp I Announces Closing of $420 Million Initial Public Offering
06 March 2021 - 08:35AM
Business Wire
Anzu Special Acquisition Corp I (NASDAQ: ANZUU) (the “Company”)
today announced the closing of its initial public offering of
42,000,000 units at a price of $10.00 per unit, generating total
gross proceeds of $420 million before deducting underwriting
discounts and commissions and other offering expenses payable by
the Company.
The units began trading on The Nasdaq Capital Market (the
“Nasdaq”) under the ticker symbol “ANZUU” on March 2, 2021. Each
unit consists of one share of the Company’s Class A common stock
and one-third (1/3) of one redeemable warrant of the Company. Each
whole warrant entitles the holder to purchase one share of the
Company’s Class A common stock at a price of $11.50 per share, and
only whole warrants are exercisable. Once the securities comprising
the units begin separate trading, the shares and warrants are
expected to be traded on the Nasdaq under the symbols “ANZU” and
“ANZUW,” respectively.
The Company is a blank check company formed for the purpose of
effecting a merger, share exchange, asset acquisition, stock
purchase, reorganization or similar business combination with one
or more businesses. The Company intends to focus on high-quality
businesses with transformative technologies for industrial
applications.
BofA Securities and Barclays are the joint lead book-running
managers for the offering. The Company granted the underwriters a
45-day option to purchase up to an additional 6,300,000 units to
cover over-allotments, if any.
A final prospectus relating to and describing the final terms of
the offering has been filed with the SEC. The offering was made
only by means of a prospectus. Copies of the prospectus may be
obtained from BofA Securities, Attention: Prospectus Department,
NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC
28255-0001, or by emailing dg.prospectus_requests@bofa.com; or
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717, email:
Barclaysprospectus@broadridge.com, tel: 888-603-5847.
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 an
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
Company’s plans for a business combination and the underwriters’
over-allotment option. 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 preliminary prospectus relating to the offering filed
with the U.S. Securities and Exchange Commission (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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version on businesswire.com: https://www.businesswire.com/news/home/20210305005584/en/
Brian Ruby, ICR, brian.ruby@icrinc.com
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