NEW YORK, Dec. 13, 2021 /PRNewswire/ -- Emerging
Markets Horizon Corp. (the "Company"), a special purpose
acquisition company, today announced the closing of its initial
public offering of 28,750,000 units, including 3,750,000 units
issued pursuant to the full exercise by the underwriters of their
over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds
of $287,500,000. The units began
trading on the Nasdaq Global Market ("Nasdaq") on December 9,
2021, under the ticker symbol "HORIU". Each unit consists of one
Class A ordinary share and one-half of one redeemable warrant, with
each whole warrant exercisable to purchase one Class A ordinary
share at a price of $11.50 per share.
After the securities comprising the units begin separate trading,
the Class A ordinary shares and warrants are expected to be listed
on Nasdaq under the symbols "HORI" and "HORIW," respectively.
Emerging Markets Horizon Corp. is a newly formed blank check
company focused on Central & Eastern
Europe ("CEE"), Russia or
the Commonwealth of Independent States ("CIS") whose business
purpose is to effect a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with
one or more businesses. The Company is sponsored by EM Horizon
Investments, which is controlled by Riccardo Orcel, Nevsky Properties Limited (which
is controlled by VTB Capital) and FPP Capital Advisers (an
affiliate of FPP Asset Management LLP) (collectively, the Company's
"Founders").
While the Company may pursue an initial business combination
with a company in any industry, sector or geographic region, the
Company intends to focus on identifying high growth technology and
consumer-exposed businesses in CEE, Russia or the CIS.
Citigroup Global Markets Inc. ("Citigroup") and VTB Capital plc
("VTB") are acting as the joint book-running managers and Ladenburg
Thalmann & Co. Inc. is acting as co-manager for the
offering.
The offering was made only by means of a prospectus, which forms
a part of the registration statement. Copies of the prospectus may
be obtained, when available, for free by visiting EDGAR on the
Securities and Exchange Commission (the "SEC") website
at www.sec.gov. Alternatively, copies may be obtained, when
available, from Citigroup, Attention: Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY, 11717 (tel: +1 800-831-9146), or
VTB, Attention: VTB Capital plc, 14 Cornhill, London, EC3V 3ND, United Kingdom.
A registration statement relating to the securities was declared
effective by the SEC on December 8, 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 Statement Concerning Forward-Looking
Statements
This press release contains statements that
constitute "forward-looking statements," including with respect to
the initial public offering and search for a business combination.
No assurance can be given that the offering discussed above will be
completed on the terms described, or at all. 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
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.
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SOURCE Emerging Markets Horizon Corp.