DENVER, Oct. 28, 2021 /PRNewswire/ -- Accretion
Acquisition Corp. (NASDAQ: ENERU) (the
"Company") announced that it completed the sale of an
additional 2,700,000 units at a public offering price of
$10.00 per unit as a result of the
underwriters' full exercise of the over-allotment option granted in
connection with the Company's initial public offering. After giving
effect to the exercise of the option, an aggregate of 20,700,000
units have been issued in the initial public offering for aggregate
gross proceeds of $207,000,000.
Each unit consists of one share of common stock, one right
to receive one-tenth of one share of common stock upon the
consummation of an initial business combination, and one-half of
one warrant, with each whole warrant entitling the holder
thereof to purchase one share of common stock at a price of
$11.50 per share, subject to
adjustment. Once the securities comprising the units begin separate
trading, the common stock, rights, and warrants are expected to be
listed on Nasdaq under the symbols "ENER," "ENERR," and "ENERW,"
respectively.
EarlyBirdCapital, Inc. and Stephens Inc. acted as book-running
managers for the offering.
The public offering was made by means of a prospectus. Copies of
the preliminary prospectus relating to the offering and final
prospectus, may be obtained from EarlyBirdCapital, Inc., Attention:
Syndicate Department, 366 Madison Avenue, 8th Floor, New York, NY 10017, or by telephone at (212)
661-0200, or Stephens Inc., Attention: Prospectus Department, 111
Center Street, Little Rock, AR
72201, by telephone at (800) 643-9691 or by email at
prospectus@stephens.com.
Registration statements relating to these securities have been
filed with the Securities and Exchange Commission and became
effective on October 20, 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.
Accretion Acquisition Corp. is a blank check company
organized for the purpose of effecting a merger, share
exchange, asset acquisition, stock purchase, recapitalization or
other similar business combination with one or more businesses or
entities. The Company's efforts to identify a prospective target
business will not be limited to any particular industry or
geographic region.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements
are statements that are not historical facts. Such
forward-looking statements are subject to risks and uncertainties,
which could cause actual results to differ from the forward looking
statements. The Company expressly disclaims any obligations
or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
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SOURCE Accretion Acquisition Corp.