Heartland Media Acquisition Corp. Announces Pricing of $175 Million Initial Public Offering
21 Januar 2022 - 2:05AM
Heartland Media Acquisition Corp. (the “Company”) today announced
the pricing of its initial public offering of 17,500,000 units, at
a price of $10.00 per unit. The units will be listed on the New
York Stock Exchange (“NYSE”) and trade under the ticker symbol
“HMA.U” beginning on January 21, 2022. Each unit consists of one
share of Class A common stock and one-half of one redeemable
warrant, with each whole warrant exercisable to purchase one share
of Class A common stock at a price of $11.50 per share. Only whole
warrants will be exercisable. Once the securities comprising the
units begin separate trading, the shares of Class A common stock
and warrants are expected to be listed on the NYSE under the
symbols “HMA” and “HMA.WS,” respectively. The offering is
expected to close on January 25, 2022.
Heartland Media Acquisition Corp. is a blank-check company
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. The
Company intends to focus on businesses in the media, entertainment
and sports sectors.
BofA Securities and Moelis & Company LLC are acting as the
joint book-running managers for the offering. The Company has
granted the underwriters a 45-day option to purchase up to an
additional 2,625,000 units at the initial public offering price to
cover over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus relating to this offering may
be obtained from BofA Securities, Attention: Prospectus
Department, NC1-004-03-43, 200 North College Street, 3rd
Floor, Charlotte, NC 28255-0001; Email:
dg.prospectus_requests@bofa.com.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on January 20, 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.
Forward Looking-Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the 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 for
the initial public offering filed with 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
law.
Contact
Robert S. Prather, Jr.Heartland Media Acquisition
Corp.(470) 355-1944info@heartlandmediaacquisition.com
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