NEW YORK–(BUSINESS WIRE) – Independence Holdings Corp. (the “Firm”) immediately introduced the value of its preliminary public providing of 43,500,000 items at a public worth of $ 10.00 per unit. The Items are anticipated to start buying and selling on March 9, 2021 on The Nasdaq Capital Markets (the “Nasdaq”) below the ticker image “ACQRU”. The supply is predicted to shut on March 11, 2021, topic to customary closing situations.
Every unit consists of 1 Class A typical share and one-fifth of a warrant, every entire warrant entitling the holder to buy one Class A typical share at a worth of $ 11.50 per unit. motion. As soon as the securities comprising the Items start to commerce individually, the Class A Widespread Shares and Warrants are anticipated to commerce on the Nasdaq below the symbols “ACQR” or “ACQRW”, respectively. No break up warrants might be issued upon separation of the items and solely entire warrants might be traded.
The Firm, which is sponsored by its Co-Chairmen Steve McLaughlin, Founder, CEO and Proprietor of Monetary Know-how Companions LP (“FT Companions”) and Gene Yoon, Founder and Managing Associate of Bregal Sagemount (“Sagemount”), is a in white newly created to be able to carry out a merger, capital inventory trade, acquisition of belongings, buy of shares, reorganization or comparable enterprise mixture with a number of firms.
Citigroup International Markets Inc. and Deutsche Financial institution Securities Inc. acted as joint bookkeepers for the supply. The underwriters have been granted a 45-day choice to buy as much as a further 15% of the shares supplied by the corporate on the worth of the preliminary public providing to cowl over-allotments, if any.
A registration assertion relating to those securities was declared efficient by the Securities and Alternate Fee on March 8, 2021. The providing is being made solely by way of a prospectus, copies of which can be obtained from Citigroup International Markets Inc. , c / o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, e-mail: [email protected], tel: (800) 831-9146 and Deutsche Financial institution Securities Inc., Attn: Prospectus Group, 60 Wall Road, New York, NY 10005-2836, e-mail: [email protected], tel: (800) 503-4611.
This press launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase, nor any sale of such securities in any state or jurisdiction the place such a proposal, solicitation or sale can be illegal previous to registration or sale. qualification below the securities legal guidelines of these states or jurisdictions.
Independence Holdings Corp.
Independence Holdings Corp. is a newly organized Clean Test Particular Function Acquisition Firm (SPAC). The Firm intends to leverage its deep expertise in finance and investing, intensive transaction flows and enormous networks of contacts to grab distinctive alternatives with top quality progress firms in its sectors. specialization in monetary know-how (“FinTech”), software program and technological providers. (though he might contemplate transactions in different industries). The corporate focuses on concentrating on entities with transaction enterprise values between roughly $ 1 billion and $ 5 billion, though it might goal firms which can be above or beneath that vary. .
Steve McLaughlin and Gene Yoon are the principle sponsors of the corporate and can function co-chairs and administrators. By way of them, the Firm is affiliated with FT Companions and Sagemount. FT Companions is a number one FinTech-focused funding banking agency with practically 20 years of historical past offering merger and acquisition, financing and different monetary advisory providers to companies. International FinTech. FT Companions has suggested over 300 M&A and FinTech financing transactions and now has over 150 staff with places of work in San Francisco, New York and London. Sagemount is a growth-oriented personal know-how funding agency with 22 funding professionals, a group of operations professionals devoted to accelerating the expansion of portfolio firms and $ 3.5 billion in cumulative capital raised. Since its inception by Mr. Yoon in 2012, Sagemount has invested in 46 FinTech, software program and know-how providers firms. Larry Furlong, Managing Director of FT Companions, is the CEO of the corporate and Jaskaran Inheritor, Vice President of Sagemount, is CFO.
This press launch comprises forward-looking statements that contain dangers and uncertainties. Ahead-looking statements are statements that aren’t historic details. These forward-looking statements, together with the profitable completion of the Firm’s preliminary public providing, are topic to dangers and uncertainties, which may trigger precise outcomes to vary from forward-looking statements. The Firm expressly disclaims any obligation or dedication to publicly publish any replace or revision to any forward-looking assertion contained herein to mirror any change within the Firm’s expectations on this regard or any change within the occasions, situations or circumstances upon which an announcement relies, besides as required by regulation. No assurance may be provided that the supply might be carried out below the situations described, or by no means, or that the Firm will impact a enterprise mixture.