Vine Hill Capital Investment Corp. Announces Closing of $200,000,000 Initial Public Offering
09 September 2024 - 10:15PM
Vine Hill Capital Investment Corp. (the “Company”), a special
purpose acquisition company, today announced the closing of its
initial public offering of 20,000,000 units at a price of $10.00
per unit. The units began trading on the Nasdaq Global Market
(“Nasdaq”) under the ticker symbol “VCICU” on 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 of the
Company at a price of $11.50 per share, subject to certain
adjustments. Once the securities comprising the units begin
separate trading, the Class A ordinary shares and warrants are
expected to be traded on Nasdaq under the symbols “VCIC” and
“VCICW,” respectively. The Company has granted the underwriters a
45-day option to purchase on a pro rata basis up to 3,000,000 units
at the initial public offering price to cover over-allotments, if
any.
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
acted as sole book-running manager for the offering. Paul
Hastings LLP served as legal counsel to the Company. Ellenoff
Grossman & Schole LLP served as legal counsel to the
underwriters.
The offering was made only by means of a
prospectus. 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.
The 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 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 the net proceeds from the offering. No
assurance can be given 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 final
prospectus for the Company’s initial public 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 Website:
https://vinehillcapital.com/
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