Alpine Acquisition Corporation Announces Closing of $107.0 Million Initial Public Offering, Including Partial Exercise of the Overallotment Option
03 September 2021 - 6:00AM
Alpine Acquisition Corporation (Nasdaq: REVEU) (“Alpine” or the
“Company”) today announced the closing of its initial public
offering of 10,700,000 units, including 700,000 units subject to
the underwriters’ over-allotment option, at a price of $10.00 per
unit. The units were listed on The Nasdaq Capital Market (“Nasdaq”)
and began trading under the ticker symbol “REVEU” on 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 acted as sole book-running manager for the
offering.
A registration statement relating to the securities was declared
effective by the Securities and Exchange Commission (“SEC”) on
August 30, 2021. The offering was 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 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.
Contact Investor Relations Alex Lombardo
(703)899-1028
alex.lombardo@alpinesponsor.com
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