LONDON, Jan. 25, 2021 /PRNewswire/ -- SVF Investment
Corp. (Nasdaq: SVFAU) (the "Company") announced today that
commencing January 25, 2021, holders
of the 60,375,000 units sold in the Company's initial public
offering may elect to separately trade the Company's Class A
ordinary shares and warrants included in the units. Class A
ordinary shares and warrants that are separated will trade on The
Nasdaq Capital Market under the symbols "SVFA" and "SVFAW,"
respectively. No fractional warrants will be issued upon separation
of the units and only whole warrants will trade. Those units not
separated will continue to trade on Nasdaq under the symbol
"SVFAU." Holders of units will need to have their brokers contact
Continental Stock Transfer & Trust Company, the Company's
transfer agent, in order to separate the units into Class A
ordinary shares and warrants.
The Company is sponsored by SoftBank Investment Advisers
("SBIA"), the investment manager to the SoftBank Vision Funds. The
Company was formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization, or
similar business combination with one or more businesses in a
technology-enabled sector. The company is led by Rajeev Misra, the CEO of SBIA, and Navneet Govil, the CFO of SBIA.
The units were initially offered by the Company in an
underwritten offering. Citigroup Global Markets, Deutsche Bank
Securities and Cantor Fitzgerald & Co acted as the joint-book
running managers for the offering.
Registration statements relating to these securities were
declared effective by the Securities and Exchange Commission
("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 public offering was made only by means of a
prospectus. Copies of the prospectus relating to the offering may
be obtained for free from the U.S. Securities and Exchange
Commission website http://www.sec.gov; Citigroup Global Markets
Inc., c/o 388 Greenwich Street, New York,
New York, 10013, Telephone: 1-646-291-1469; Deutsche Bank
Securities Inc., 60 Wall Street, 2nd Floor, New York, New York 10005, Attention: Equity
Capital Markets – Syndicate Desk, with a copy to Deutsche Bank
Securities Inc., 60 Wall Street, 36th Floor, New York, New York 10005, Attention: General
Counsel, Fax: +1 (646) 374-1071; and Cantor Fitzgerald & Co.,
Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email:
prospectus@cantor.com.
For more information, please see www.svfinvestmentcorp.com.
Forward-looking statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and the anticipated use of the net proceeds
thereof. 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 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.
About SVF Investment Corp.
SVF Investment Corp. is a newly organized blank check company
formed by an affiliate of SoftBank Investment Advisers ("SBIA").
Through the SoftBank Vision Funds, SBIA is investing up to
$100 billion in many of the world's
leading technology companies, including those we've helped take
public such as 10X Genomics, Beike, DoorDash, Guardant Health,
OneConnect, Opendoor, PingAn Good
Doctor, Relay Therapeutics, Seer, Slack, Uber, View, Vir,
and ZhongAn Insurance. SBIA's global reach, unparalleled ecosystem,
and patient capital help founders build transformative
businesses.
Contacts
For investor inquiries: svfinvestmentcorp@softbank.com
For media inquiries: Rowan Brown,
SBIA, rowan@softbank.com