Z-Work Acquisition Corp. Announces Pricing of $200 Million Initial Public Offering
29 Janvier 2021 - 3:59AM
Z-Work Acquisition Corp. (the “Company”), a blank check company
whose business purpose is to effect a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses, today
announced the pricing of its initial public offering of 20,000,000
units at a price of $10.00 per unit. Although the Company will not
be limited to any particular industry, sector or geographic region
in its identification and acquisition of a business combination
target, the Company was created to take advantage of transformative
impact of technology on how work is found, facilitated and
enhanced.
The units will be listed on the Nasdaq Capital Market (“Nasdaq”)
and trade under the ticker symbol “ZWRKU” beginning January 29,
2021. Each unit consists of one share of Class A common stock and
one-third of one redeemable warrant. Each whole warrant entitles
the holder thereof to purchase one share of Class A common stock at
a price of $11.50 per share. Only whole warrants are exercisable.
Once the securities comprising the units begin separate trading,
the Class A common stock and warrants are expected to be listed on
Nasdaq under the symbols “ZWRK” and “ZWRKW”, respectively. The
offering is expected to close on February 2, 2021, subject to
customary closing conditions.
Jefferies LLC is acting as the sole book-running manager for the
offering. The Company has granted the underwriter a 45-day option
to purchase up to an additional 3,000,000 units at the initial
public offering price, to cover over-allotments, if any.
The offering is being made only by means of a prospectus, copies
of which may be obtained by contacting Jefferies LLC, Attn: Equity
Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New
York, NY 10022, phone: 877-821-7388, email:
prospectus_department@jefferies.com.
A registration statement relating to the securities became
effective on January 28, 2021.
This communication 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 other 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
other jurisdiction.
About Z-Work Acquisition Corp.
Z-Work Acquisition Corp. (the “Company”) is a blank check
company whose business purpose is to effect a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. Although
the Company will not be limited to any particular industry, sector
or geographic region in its identification and acquisition of a
business combination target, the Company was created to take
advantage of the transformative impact of technology on how work is
found, facilitated and enhanced. Work, in all its forms, is being
fundamentally disrupted and transformed as companies both big and
small recognize the power of technology to improve worker
productivity, satisfaction and, ultimately, their bottom lines. The
Company plans to target high growth, technology-based and
technology-enhanced companies that provide products and services
that support companies, and workers.
Cautionary Note Concerning Forward-Looking
Statements
This communication contains statements that constitute
“forward-looking statements,” including with respect to the
completion of the Company’s proposed initial public offering and
the anticipated use of the net proceeds from the offering. No
assurance can be given that the offering will be completed on the
terms described, or at all, or that the net proceeds will be used
as indicated. Forward-looking statements are subject to numerous
risks and uncertainties, many of which are beyond the control of
the Company, including those set forth in the Risk Factors section
of the Company’s preliminary prospectus relating to the offering,
which is included in its registration statement filed with the U.S.
Securities and Exchange Commission (“SEC”). Copies are available on
the SEC’s website, www.sec.gov. The Company undertakes no
obligation to update these statements, except as required by
law.
Contact:
Adam RostonZ-Work Acquisition Corp. E:
adam@zworkacquisition.com
Cody SlachGateway GroupP: (949) 574-3860E:
ZWRK@gatewayir.com
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