Alpine Acquisition Corporation Announces Pricing of $100.0 Million Initial Public Offering
31 August 2021 - 10:38AM
Alpine Acquisition Corporation (Nasdaq: REVEU) (“Alpine” or the
“Company”) today announced the pricing of its initial public
offering of 10,000,000 units at a price of $10.00 per unit. The
units are expected to be listed on The Nasdaq Capital Market
(“Nasdaq”) and trade under the ticker symbol “REVEU” beginning
August 31, 2021. Each unit consists of one share of common stock
and one half of a redeemable warrant. Each full warrant entitles
the holder thereof to purchase one share of common stock at a price
of $11.50 per share. Once the securities comprising the units begin
separate trading, the shares of common stock and warrants are
expected to be traded on the Nasdaq under the symbols “REVE” and
“REVEW,” respectively.
Maxim Group LLC is acting as sole book-running manager for the
offering. The Company has granted the underwriters a 45-day
option to purchase up to an additional 1,500,000 units at the
initial public offering price to cover over-allotments, if any.
The offering is expected to close on September 2, 2021, subject
to customary closing conditions.
A registration statement relating to the securities was declared
effective by the Securities and Exchange Commission (“SEC”) on
August 30, 2021. The offering is being made only by means of a
prospectus, copies of which may be obtained by contacting Maxim
Group LLC, 300 Park Avenue, 16th Floor, New York, New York
10022. Copies of the registration statement can be accessed through
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.
About Alpine Acquisition Corporation
Alpine is a newly organized blank check company formed for the
purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. While it may pursue an
initial business combination target in any sector, it intends to
focus its search on drive-to-destination hotels, digital
entertainment and gaming, and lodging technology businesses, which
complements the expertise of our management team, directors, and
advisors. The Company is sponsored by Alpine Acquisition Sponsor
LLC, an affiliate of Alpine Consolidated.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. 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 registration
statement and preliminary prospectus for the Company’s offering
filed with the SEC. Copies of these documents 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.
ContactInvestor Relations Alex Lombardo
(703)899-1028
alex.lombardo@alpinesponsors.com
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