NEW YORK, Sept. 24, 2021 /PRNewswire/ -- Argus
Capital Corp. ("Argus") announced today that it has closed its
initial public offering of 30,475,000 units at a price
of $10.00 per unit, including 3,975,000 units issued
pursuant to the exercise by the underwriters of their
over-allotment option in full. The units are listed on the Nasdaq
Global Market ("Nasdaq") and began trading under the ticker symbol
"ARGUU" on September 22, 2021. Each unit consists of one share
of Argus' Class A common stock and one-half of one redeemable
warrant, with each whole warrant exercisable to purchase one share
of Class A common stock at a price of $11.50 per share.
Only whole warrants are exercisable and will trade. Once the
securities comprising the units begin separate trading, shares of
the Class A common stock and warrants are expected to be listed on
Nasdaq under the symbols "ARGU" and "ARGUW," respectively.
Argus' business purpose is to effect a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. While
Argus may pursue an initial business combination opportunity in any
industry or sector, it intends to identify and complete a
business transaction with a company in the tech-driven media
industry.
Goldman Sachs & Co. LLC and Morgan Stanley acted as the
joint book-running managers for the offering.
The offering is being made only by means of a prospectus. Copies
of the prospectus relating to the offering may be obtained from
Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attn: Prospectus
Department, by telephone at 866-471-2526 or by
emailing prospectus-ny@ny.email.gs.com; Morgan Stanley, Attn:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014,
Email: prospectus@morganstanley.com.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on September 21, 2021. 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 initial
public offering and 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 Argus,
including those set forth in the Risk Factors section of Argus'
registration statement and prospectus for the offering filed with
SEC. Copies are available on the SEC's website, www.sec.gov. Argus
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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SOURCE Argus Capital Corp.