Vine Hill Capital Investment Corp. Announces Pricing of $200 Million Initial Public Offering
06 September 2024 - 1:21AM
Vine Hill Capital Investment Corp. (the “Company”), a special
purpose acquisition company, today announced the pricing of its
initial public offering of 20,000,000 units at a price of $10.00
per unit. The units are expected to be listed for trading on the
Nasdaq Global Market (“Nasdaq”) under the ticker symbol “VCICU”
beginning September 6, 2024. Each unit consists of one Class A
ordinary share and one-half of one redeemable warrant of the
Company. Each whole warrant entitles the holder thereof to purchase
one Class A ordinary share at a price of $11.50 per share, subject
to certain adjustments. Once the securities comprising the units
begin separate trading, the Company expects that its Class A
ordinary shares and warrants will be listed on Nasdaq under the
symbols ‘‘VCIC” and ‘‘VCICW,’’ respectively. The offering is
expected to close on September 9, 2024, subject to customary
closing conditions.
The Company was formed for the purpose of effecting a merger,
amalgamation, share exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses. The Company may pursue an initial business combination
in any business, industry, sector or geographical location, but the
Company intends to focus its search on a target business in the
industrial and services industries, where it believes the expertise
of its management team will provide it with a competitive advantage
in completing a successful initial business combination.
Stifel, Nicolaus & Company, Incorporated is acting as sole
book-running manager for the offering. The Company has granted the
underwriters a 45-day option to purchase up to 3,000,000 additional
units at the initial public offering price to cover
over-allotments, if any. Paul Hastings LLP is serving as legal
counsel to the Company. Ellenoff Grossman & Schole LLP is
serving as legal counsel to the underwriters.
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 from Stifel, Nicolaus & Company, Incorporated:
Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate
Department, One South Street, 15th Floor, Baltimore, Maryland
21202, or by email: SyndProspectus@Stifel.com or by
telephone: (855) 300-7136.
A registration statement relating to the securities was declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on September 5, 2024. 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.
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 from the offering. No assurance can be given that the
offering discussed above will be completed on the terms described,
or at all, or that the Company will ultimately complete a business
combination transaction. 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 of these
documents are available on the SEC’s website, at 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
Nicholas PetruskaVine Hill Capital Investment
Corp.Phone: (954) 848-2859Email: info@vinehillcapital.com
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