Vickers Vantage Corp. I Announces Closing of $138,000,000 Initial Public Offering
11 Janvier 2021 - 9:56PM
Vickers Vantage Corp. I (the “Company”) announced today that it
closed its initial public offering of 13,800,000 units, including
the full 1,800,000 units subject to the underwriters’
over-allotment option, at $10.00 per unit. The offering resulted in
gross proceeds to the Company of $138,000,000.
The Company’s units are listed on the Nasdaq Capital Market
(“Nasdaq”) and commenced trading under the ticker symbol “VCKAU” on
January 7, 2021. Each unit consists of one ordinary share
and one-half of one redeemable warrant, each whole
warrant entitling the holder thereof to purchase one ordinary share
at a price of $11.50 per share, subject to adjustment. Only whole
warrants are exercisable and will trade. Once the securities
comprising the units begin separate trading, ordinary shares and
redeemable warrants are expected to be listed on Nasdaq under the
symbols “VCKA” and “VCKAW,” respectively.
Vickers Vantage Corp. I is a Cayman Islands exempted company
incorporated as a blank check company for the purpose of entering
into a merger, share exchange, asset acquisition, share purchase,
recapitalization, reorganization or 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 a
particular industry or geographic region. The Company is led by
Jeffrey Chi, Chairman and Chief Executive Officer, Chris Ho, Chief
Financial Officer and Director, and Special Advisor Dr. Finian
Tan.
Of the proceeds received from the consummation of the initial
public offering and a simultaneous private placement of warrants,
$139,380,000 (or $10.10 per unit sold in the public offering) was
placed in trust. An audited balance sheet of the Company as of
January 11, 2021 reflecting receipt of the proceeds upon
consummation of the initial public offering and the private
placement will be included as an exhibit to a Current Report on
Form 8-K to be filed by the Company with the Securities and
Exchange Commission.
Maxim Group LLC 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
Maxim Group LLC, 405 Lexington Avenue, New York, NY 10174,
Attention: Syndicate Department, or via email at
syndicate@maximgrp.com or telephone at (212) 895-3745.
Registration statements relating to these securities were filed
with the Securities and Exchange Commission (“SEC”) and became
effective on January 6, 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 an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated use of net proceeds. 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 and preliminary 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.
Contacts
REDHILL CommunicationsPranav RastogiDeputy
Managing
Director+6587487919pranav@redhill.asiawww.vickersventure.com
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