GALILEO ACQUISITION CORP. ANNOUNCES PRICING OF $120 MILLION INITIAL PUBLIC OFFERING
18 Oktober 2019 - 12:14AM
Galileo Acquisition Corp. (NYSE:GLEO.U) (the “Company”) announced
today that its Registration Statement on Form S-1 (SEC File No.
333-234049), as amended, was declared effective by the Securities
and Exchange Commission. The closing of the Company’s initial
public offering of 12,000,000 units is expected to occur on or
about October 22, 2019. Each unit consists of one ordinary share,
par value $.0001 per share (“Ordinary Share”), and one warrant,
with each warrant entitling the holder to purchase one Ordinary
Share at a price of $11.50 per share. Each unit will be sold at an
offering price of $10.00 per unit for aggregate gross proceeds of
$120,000,000. Once the securities comprising the units begin
separate trading, the common stock and warrants are expected to be
traded on the New York Stock Exchange under the symbols “GLEO” and
“GLEO WS,” respectively.
The underwriters have been granted a 45-day option to purchase
up to an additional 1,800,000 units offered by the Company to cover
over-allotments, if any.
EarlyBirdCapital, Inc. acted as sole book-running manager. The
offering is being made only by means of a prospectus, copies of
which may be obtained from EarlyBirdCapital, Inc., 366 Madison
Avenue, 8th Floor, New York, NY 10017, Attn: Syndicate Department,
212-661-0200.
Galileo Acquisition Corp. is a blank check company organized for
the purpose of effecting a merger, capital stock exchange, asset
acquisition, or other similar business combination with one or more
businesses or entities with an initial focus on targets operating
in the Consumer, Retail, Food and Beverage, Fashion and Luxury,
Specialty Industrial, Technology or Healthcare sectors which are
headquartered in Western Europe, with an emphasis on Italian
family-owned businesses, portfolio companies of private equity
funds, or corporate spin-offs, and that have significant North
American exports and a clearly defined North American high growth
strategy. However, the Company’s efforts to identify a prospective
target business will not be limited to any particular industry or
geographic region.
This press release shall not constitute an offer to sell or a
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 includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements, including with respect to the initial public offering
and the anticipated use of the proceeds thereof, are subject to
risks and uncertainties, which could cause actual results to differ
from the forward looking statements, including those set forth in
the risk factors section of the prospectus used in connection with
the Company’s initial public offering. 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. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company’s expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based, except as required by law.
Contact: Luca Giacometti Chief Executive
Officer Galileo Acquisition Corp. +39 (346) 382-2744
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