Big Cypress Acquisition Corp. Announces Pricing of $100 Million Initial Public Offering
11 Janvier 2021 - 10:23PM
Big Cypress Acquisition Corp. (the "Company") announced today the
pricing of its initial public offering of 10,000,000 units at a
price of $10.00 per unit. The units will be listed on the Nasdaq
Capital Market ("Nasdaq") and trade under the ticker symbol "BCYPU"
beginning on January 12, 2021. Each unit consists of one share of
common stock and one-half of one redeemable warrant exercisable to
purchase one share of common stock at a price of $11.50 per share.
After the securities comprising the units begin separate trading,
the shares of common stock and warrants are expected to be listed
on Nasdaq under the symbols "BCYP" and "BCYPW," respectively. The
offering is expected to close on January 14, 2021, subject to
customary closing conditions.
Big Cypress Acquisition Corp. is a blank check
company formed for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses. Although
the Company may pursue a target business in any industry or sector,
and in any geographic region, the Company intends to focus its
search for prospects within the life sciences industry. The Company
is led by Chief Executive Officer, Chief Financial Officer and
Director Samuel J. Reich.
Ladenburg Thalmann & Co. Inc. is
acting as sole book-running manager of the offering. Brookline
Capital Markets, a division of Arcadia Securities, LLC, is acting
as co-manager of 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.
A registration statement relating to these
securities was declared effective by the U.S. Securities and
Exchange Commission (the "SEC") on January 11, 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 offering is being made only by means of a
prospectus. When available, copies of the prospectus relating to
this offering may be obtained from Ladenburg Thalmann, Attn:
Syndicate Department, 277 Park Avenue, 26th floor, New York, New
York 10172, Attn: Syndicate Department, telephone: 1-800-573-2541
or email: prospectus@ladenburg.com.
Forward Looking Statements
This press release contains statements that
constitute "forward-looking statements," including with respect to
the initial public offering and search for an initial business
combination. 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 for the initial public 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.
Samuel J. Reichir@bigcypressaccorp.com
Big Cypress Acquisition (NASDAQ:BCYPU)
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