NEW YORK, March 8, 2021 /PRNewswire/ -- Altimar Acquisition
Corp. III, a special purpose acquisition company (the "Company"),
announced today the closing of its initial public offering of
15,525,000 units at a price of $10.00 per unit, which included 2,025,000 units
issued pursuant to the full exercise by the underwriters of their
over-allotment option.
The units are listed on the New York Stock Exchange and began
trading under the ticker symbol "ATAQ.U" on March 4, 2021. Each unit consists of one Class A
ordinary share of the Company and one-fourth of one redeemable
warrant. Each whole warrant entitles the holder thereof to purchase
one Class A ordinary share of the Company at a price of
$11.50 per share. Once the securities
comprising the units begin separate trading, the Class A ordinary
shares and warrants are expected to be listed on the New York Stock
Exchange under the symbols "ATAQ" and "ATAQ WS," respectively.
The Company is sponsored by Altimar Sponsor III, LLC, an
affiliate of HPS Investment Partners, LLC, and is led by
Tom Wasserman as the Chief Executive
Officer and chairman of the board of directors. The Company is a
newly organized blank check company incorporated as a Cayman Islands exempted company for the
purpose of effecting a merger, share exchange, asset acquisition,
share purchase, reorganization or business combination with one or
more businesses or entities.
Goldman Sachs & Co. LLC and J.P. Morgan Securities
LLC acted as joint book-running managers for this offering.
The offering was made only by means of a prospectus. Copies of the
final prospectus may be obtained from:
- Goldman Sachs & Co. LLC, Attention: Prospectus Department,
200 West Street, New York, New
York 10282; Telephone: 1-866-471-2526;
E-mail: Prospectus-ny@ny.email.gs.com; and
- J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New
York 11717; Telephone: 1-866-803-9204; E-mail:
prospectus-eq_fi@jpmchase.com.
The registration statement relating to the securities became
effective on March 3, 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.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering, the search for an initial business combination and
the anticipated use of the net proceeds. No assurance can be given
that the initial public offering or the search for an initial
business combination will be completed on the terms described, or
at all, or that the net proceeds of the initial public 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 final prospectus relating
to the Company's initial public offering filed with the Securities
and Exchange Commission (the "SEC"). Copies are available on the
SEC's website at 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 applicable
law.
Contact:
Altimar Acquisition Corp. III
info@altimarspac.com
HPS Investment Partners, LLC
Prosek Partners
Mike Geller / Josh Clarkson
mgeller@prosek.com / jclarkson@prosek.com
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SOURCE Altimar Acquisition Corp. III