NEW YORK, Jan. 22, 2021 /PRNewswire/ -- Queen's Gambit
Growth Capital (the "Company") today announced the closing of its
initial public offering ("IPO") of 34,500,000 units at a price of
$10.00 per unit, including 4,500,000
units issued pursuant to the underwriters' full exercise of its
option to purchase additional units. The Company's units began
trading on the Nasdaq Capital Market ("NASDAQ") under the ticker
symbol "GMBTU" on January 20,
2021.
Each unit issued in the initial public offering consists of one
of the Company's Class A ordinary shares, par value $0.0001 per share, and one-third of one
redeemable warrant, with each whole warrant entitling the holder
thereof to purchase one Class A ordinary share of the Company at an
exercise 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 NASDAQ under the symbols "GMBT" and "GMBTW,"
respectively.
The Company was formed for the purpose of effecting a merger,
amalgamation, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with a target whose
business provides disruptive solutions promoting sustainable
development, economic growth and prosperity. These include clean
energy, emerging technology, mobility, financial technology,
healthcare, and industrials.
Victoria Grace, the Company's
Founder & Chief Executive Officer, said, "We are pleased to
announce this important milestone and are grateful for the
tremendous support received from a distinguished set of investors
who recognize our differentiated value proposition."
Ms. Grace continued, "While we embrace the barriers that
our Company has already broken, and firmly believe that diversity
is great for business, we are first and foremost economically
driven investors – actively seeking to identify an exceptional
company, whose disruptive technologies and sustainable solutions
are transforming its respective industry. We believe that the
depth of our collective financial and operational expertise, our
track record and expansive network, will be instrumental in
achieving the Company's objectives and further distinguishing our
platform."
Barclays acted as the sole book-running manager and
representative for the underwriters for the offering. R. Seelaus
& Co., LLC and Siebert Williams
Shank & Co., LLC acted as joint co-managers for the
offering. Vinson & Elkins LLP served as legal counsel to
the Company.
The offering was made only by means of a prospectus, copies of
which may be obtained from Barclays, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, email:
barclaysprospectus@broadridge.com, tel: (888) 603-5847.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on January 19, 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.
About Queen's Gambit Growth Capital
Queen's Gambit
Growth Capital is a female-led special purpose acquisition company,
formed for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination. The Company, led by Founder & Chief Executive
Officer, Victoria Grace, intends to
focus its search on identifying a target that is shaping the future
of its sector by providing disruptive solutions that promote
sustainable development, economic growth and prosperity.
Media Contacts:
Daniel Yunger / Lindsay Gross
Kekst CNC
daniel.yunger@kekstcnc.com / lindsay.gross@kekstcnc.com
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SOURCE Queen's Gambit Growth Capital