Ignyte Acquisition Corp. Announces Closing of $57,500,000 Initial Public Offering
02 Février 2021 - 10:05PM
Business Wire
Ignyte Acquisition Corp. (NASDAQ: IGNYU) (the “Company”)
announced that it closed its initial public offering of 5,750,000
units, including the full 750,000 units subject to the underwriters
over-allotment option. The units were sold at $10.00 per unit
generating total gross proceeds of $57,500,000. The units were
listed on the Nasdaq Capital Market (“Nasdaq”) under the ticker
symbol “IGNYU” and commenced trading on January 28, 2021. Each unit
consists of one share of common stock and one-half of one warrant
to purchase one share of common stock at a price of $11.50 per
share, subject to adjustment. Once the securities comprising the
units begin separate trading, the common stock and warrants are
expected to be listed on Nasdaq under the symbols “IGNY” and
“IGNYW,” respectively.
EarlyBirdCapital, Inc. acted as the sole book running manager
for the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained, when available, from
EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, NY
10017, Attn: Investor Relations, 212-661-0200. Copies are also
available on the Securities and Exchange Commission’s website,
www.sec.gov.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
January 27, 2021. This press release shall not constitute an offer
to sell or a 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.
Ignyte Acquisition Corp. is a blank check company organized for
the purpose of effecting a merger, capital stock exchange, asset
acquisition or other similar business combination with one or more
businesses or entities. The Company’s efforts to identify a
prospective target business will not be limited to any particular
industry or geographic region, although the Company currently
intends to focus on target businesses in the life sciences,
biotechnology and healthcare sectors. The Company is led by
Chairman and Co-Chief Executive Officer, David Rosenberg, Co-Chief
Executive Officer, David J. Strupp, Jr., and Chief Financial
Officer, Steven Kaplan.
Forward Looking Statements
This press release includes forward-looking statements. Forward
looking statements are statements that are not historical facts.
Such forward-looking statements are subject to risks and
uncertainties, which could cause actual results to differ from the
forward looking statements. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
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version on businesswire.com: https://www.businesswire.com/news/home/20210202006095/en/
David Rosenberg Co-Chief Executive Officer Ignyte Acquisition
Corp. info@ignytespac.com
Ignyte Acquisition (NASDAQ:IGNYU)
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