RXR Acquisition Corp. Announces Pricing of Upsized $300 Million Initial Public Offering
04 März 2021 - 6:29AM
RXR Acquisition Corp. (the “Company”) announced today the pricing
of its upsized initial public offering of 30,000,000 units at
$10.00 per unit. The units will be listed on the Nasdaq
Capital Market (“Nasdaq”) and trade under the ticker symbol
“RXRA.U” beginning March 4, 2021. Each unit consists of one
share of the Company’s Class A common stock and one-fifth of one
redeemable warrant of the Company. Each whole warrant is
exercisable to purchase one share of the Company’s 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 “RXRA” and
“RXRA.WS,” respectively.
Goldman Sachs & Co. LLC and BofA Securities, Inc. are the
joint-book running managers for the offering. The Company has
granted the underwriters a 45-day option to purchase up to
4,500,000 additional units at the initial public offering price to
cover over-allotments, if any.
The public offering is being made only by means of a prospectus.
When available, copies of the prospectus relating to the
offering may be obtained by contacting Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, New
York 10282, or by telephone at (866) 471-2526, or by email at
prospectus-ny@ny.email.gs.com; or BofA Securities, Attention:
Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte NC 28255-0001, by telephone at 1-800-294-1322 or
by email at dg.prospectus_requests@bofa.com.
A registration statement (including a preliminary prospectus)
relating to the securities has been declared effective by the U.S.
Securities and Exchange Commission (the “SEC”) on March 3, 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.
About RXR Acquisition Corp.
RXR Acquisition Corp. is a special purpose acquisition company
formed by RXR Realty LLC, for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. While the Company may pursue an initial business
combination target in any business or industry, it expects to focus
its search for a target business combination that operates at the
intersection of real estate and technology, also known as
“PropTech,” including immediately adjacent ecosystems to real
estate such as logistics, modern mobility, financial services and
technologies that address problems or inefficiencies associated
with urbanization, also known as “Urban Tech.”
Cautionary Note Concerning Forward-Looking
Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds thereof. 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
Company’s 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.
Contact Information
Michael Maturo
Chief Financial Officer
(516) 506-6797
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