C5 Acquisition Corporation Completes $287.5 Million Initial Public Offering
12 Januar 2022 - 10:59PM
Business Wire
C5 Acquisition Corporation (the “Company”), a special purpose
acquisition company, announced the closing of its initial public
offering of 28,750,000 units at a price of $10.00 per unit,
including 3,750,000 units issued pursuant to the exercise by the
underwriters of their over-allotment option in full, on January 11,
2022. The units were listed on the New York Stock Exchange and
began trading under the ticker symbol “CXAC.U” on January 7, 2022.
Each unit consists of one share of Class A common stock of the
Company and one-half of one redeemable public warrant. Each whole
public warrant entitles the holder thereof to purchase one share of
Class A common stock of the Company at a price of $11.50 per share.
Once the securities comprising the units begin separate trading,
the shares of Class A common stock and public warrants are expected
to be listed on the New York Stock Exchange under the symbols
“CXAC” and “CXAC WS,” respectively.
The Company is led by CEO Robert Meyerson, former president of
Blue Origin. Steve Demetriou, Chair and CEO of Jacobs Engineering
(NYSE:J), will be the company’s Non-Executive Chair of the Board of
Directors. The Company is a newly organized blank check company
incorporated as a Delaware corporation for the purpose of effecting
a merger, consolidation, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses or companies. While the Company may pursue
an initial business combination with any company in any industry,
the Company intends to focus on businesses at the leading edge of
national security innovation in three key sectors: Space,
Cybersecurity and Energy Transition.
Cantor Fitzgerald & Co. and Moelis & Company LLC served
as the joint book-running managers for this offering. The offering
was made only by means of a prospectus, copies of which may be
obtained by contacting Cantor Fitzgerald & Co., Attention
Capital Markets, c/o Cantor Fitzgerald & Co., 499 Park Avenue,
5th Floor, New York, NY 10022, or by e-mail at
prospectus@cantor.com.
The registration statement relating to the securities became
effective on January 6, 2022. 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.
Cautionary Note Concerning Forward-Looking Statements
This press release contains, and oral statements made from time
to time by representatives of the Company may contain, statements
that constitute “forward-looking statements,” including with
respect to the initial public offering, the search for an initial
business combination and the anticipated use of the net proceeds of
the offering. No assurance can be given that the search for an
initial business combination will be completed, or that the net
proceeds of the initial public 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 final prospectus relating to the Company’s initial
public offering filed with the Securities and Exchange Commission
(the “SEC”). Copies 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 applicable law.
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C5 Acquisition Corporation David Glickman
info@c5acquisitions.com
C5 Acquisition (NYSE:CXAC.U)
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