Virtuoso Acquisition Corp. Announces Pricing of Upsized $200,000,000 Initial Public Offering
22 January 2021 - 11:40AM
Virtuoso Acquisition Corp. (the “Company”) announced today that it
priced its initial public offering of 20,000,000 units, at $10.00
per unit. The units will be listed on the Nasdaq Capital Market
(“Nasdaq”) and will begin trading tomorrow, Friday, January 22,
2021, under the ticker symbol “VOSOU.” Each unit consists of one
share of the Company’s Class A common stock and one-half of one
redeemable warrant, each whole warrant entitling the holder thereof
to purchase one share of Class A common stock at a price of $11.50
per share. Only whole warrants are exercisable. No fractional
warrants will be issued upon separation of the units and only whole
warrants will trade. Once the securities comprising the units begin
separate trading, shares of the Class A common stock and warrants
are expected to be listed on Nasdaq under the symbols “VOSO” and
“VOSOW,” respectively.
The offering is expected to close on January 26,
2021, subject to customary closing conditions.
The Company is a 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 the Company may
pursue an initial business combination target in any business or
industry, it intends to focus its search on media companies, within
the Digital Marketing, Digital Platforms, Subscription, and Ad Tech
sectors. The Company is led by Chief Executive Officer Jeffrey D.
Warshaw and Chief Financial Officer Michael O. Driscoll.
BTIG, LLC and Moelis & Company LLC are
acting as joint book-running managers of the offering. I-Bankers
Securities, Inc. is acting as co-manager of the offering. The
Company has granted the Underwriters a 45-day option to purchase up
to an additional 3,000,000 units at the initial public offering
price to cover over-allotments, if any.
The offering is being made only by means of a
prospectus. Copies of the preliminary prospectus relating to the
offering and final prospectus, when available, may be obtained from
BTIG, LLC, at 65 E. 55th Street, New York, NY, 10022, by email at
equitycapitalmarkets@btig.com or by telephone at (212)
593-7555.
A registration statement relating to these securities has been
filed with, and declared effective by, the Securities and Exchange
Commission (“SEC”) on January 21, 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 an 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 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 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.
Contact
Jeffrey D. WarshawChief Executive Officer
jeff@virtuosoacquisition.com203 571-6161
Virtuoso Acquisition (NASDAQ:VOSOW)
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