Prospector Capital Corp. Announces Closing of $325 Million Upsized Initial Public Offering
13 January 2021 - 8:05AM
Prospector Capital Corp. (the “Company”) announced today the
closing of its initial public offering of 32,500,000 units at a
price of $10.00 per unit, including 2,500,000 units issued pursuant
to the exercise by the underwriters of their option to purchase
additional units. The units are listed on the Nasdaq Capital Market
(“Nasdaq”) and began trading under the ticker symbol “PRSRU” on
January 8, 2021. Each unit consists of one Class A ordinary share
and one-third of one redeemable warrant, with each whole warrant
exercisable to purchase one Class A ordinary share at a price of
$11.50 per share. After the securities comprising the units begin
separate trading, the Class A ordinary shares and warrants are
expected to be listed on Nasdaq under the symbols “PRSR” and
“PRSRW,” respectively.
The Company is a blank check company whose business purpose is
to effect 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 with a company in any sector or geography, the
Company intends to focus its search on companies with advanced and
highly differentiated solutions for the technology sector.
Goldman Sachs & Co. LLC acted as the sole bookrunner for the
offering.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on January 7, 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.
The offering is being made only by means of a prospectus. Copies
of the prospectus relating to this 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.
Forward Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the 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 for
the initial public offering 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.
Contacts
Investor Contact:
Derek AberleProspector Capital Corp.(858)
480-9390
Prospector Capital (NASDAQ:PRSRW)
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