LOS ANGELES, Dec. 7, 2021 /PRNewswire/ -- Games &
Esports Experience Acquisition Corp. (the "Company") announced
today that it has closed its upsized initial public offering
("IPO") of 20,000,000 units at a price of $10.00 per unit, including 2,500,000 units issued
pursuant to the exercise of the underwriters' over-allotment
option. The units are listed on the Nasdaq Global Market ("Nasdaq")
under the ticker symbol "GEEXU" and began trading on December 2, 2021. Each unit consists of one Class
A ordinary share of the Company and one-half of one redeemable
warrant, with each whole warrant exercisable to purchase one Class
A ordinary share at a price of $11.50
per share. Once the securities comprising the units begin separate
trading, the Company's Class A ordinary shares and warrants are
expected to be listed on Nasdaq under the symbols "GEEX" and
"GEEXW," respectively. No fractional warrants will be issued upon
separation of the units and only whole warrants will trade.
Games & Esports Experience Acquisition Corp. Announces Closing
of Upsized $200 Million Initial
Public Offering
The Company is a blank check company formed for the purpose of
entering into a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses. While the Company may pursue an initial
business combination target in any business, industry, sector or
geographical location, it intends to focus its search on target
businesses in interactive media, operating directly within or
adjacent to competitive gaming and esports sectors or in industries
with similar user characteristics or demographics including, but
not limited to, ecommerce, media, content and other intellectual
property, sports & entertainment, and social media.
Concurrently with the initial business combination, the Company
currently plans to merge with Gamers Club Holdings, LLC, a gaming
technology subscription platform and community hub based in
Brazil and an affiliate of GEEX
Sponsor, LLC, the Company's sponsor. The Company will not, however,
complete an initial business combination with only Gamers Club.
J.P. Morgan Securities LLC and William
Blair & Company, L.L.C. served as joint book-running
managers for the offering.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission (the "SEC") and
was declared effective on December 1,
2021. The offering is being made only by means of a
prospectus. Copies of the prospectus relating to the IPO may be
obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866)
803-9204, or by email at prospectus-eq_fi@jpmchase.com; or
William Blair & Company, L.L.C.,
Attention: Prospectus Department, 150 North Riverside Plaza,
Chicago, Illinois 60606, by
telephone at (800) 621-0687 or by email at
prospectus@williamblair.com. Copies of the Company's registration
statement and prospectus for the offering are available on the
SEC's website at www.sec.gov.
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.
FORWARD-LOOKING STATEMENTS
This press release contains
statements that constitute "forward-looking statements," including
with respect to the Company's IPO and the use of the net proceeds
therefrom and the Company's plans with respect to a potential
initial business combination. No assurance can be given that the
proceeds of the IPO 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
prospectus for the IPO filed with 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.
Contact
Tomi
Kovanen
Games & Esports Experience Acquisition
Corp.
P: (213) 266-7674
E:
tk@geexcorp.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/games--esports-experience-acquisition-corp-announces-closing-of-upsized-200-million-initial-public-offering-301439154.html
SOURCE Games & Esports Experience Acquisition Corp.