Rotor Acquisition Corp. Announces Pricing of Upsized $240,000,000 Initial Public Offering
15 Januar 2021 - 1:28AM
Rotor Acquisition Corp. (the “Company”) announced today that it
priced its upsized initial public offering of 24,000,000 units at
$10.00 per unit. The units will be listed on the New York Stock
Exchange (“NYSE”) and will begin trading tomorrow, Friday, January
15, 2021, under the ticker symbol “ROT.U”. Each unit consists of
one share of the Company’s Class A common stock
and one-half of one redeemable warrant, each whole
warrant entitling the holder thereof to purchase one share of
Class A common stock at a price of $11.50 per share, subject
to adjustment. Only whole warrants are exercisable and will trade.
Once the securities comprising the units begin separate trading,
shares of the Class A common stock and redeemable warrants are
expected to be listed on the NYSE under the symbols “ROT” and “ROT
WS,” respectively.
Rotor 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 or entities. While the
Company may pursue an initial target business in any stage of its
corporate evolution or in any industry or sector, it initially
intends to focus its search on target businesses primarily in the
industrial and consumer sectors. The Company’s management team
includes Brian Finn, Chief Executive Officer, Stefan M. Selig,
Chairman of the Board, and John D. Howard, Director.
Credit Suisse Securities (USA) LLC is acting as the sole book
running manager for the offering. The Company has granted the
underwriter a 45-day option to purchase up to an
additional 3,600,000 units at the initial public offering price to
cover over-allotments, if any.
The offering is being made only by means of a prospectus. Copies
of the prospectus may be obtained, when available, from Credit
Suisse Securities (USA) LLC, Attention: Prospectus Department, 6933
Louis Stephens Drive, Morrisville, North Carolina 27560, or by
telephone at (800) 221-1037, or by email at
usa.prospectus@credit-suisse.com.
Registration statements relating to these securities have been
filed with the Securities and Exchange Commission (“SEC”) and
became effective on January 14, 2021. 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
proposed initial public offering and the anticipated use of net
proceeds. 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.
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 offering filed with
the SEC. Copies are available on the SEC’s
website, 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.
Contacts
Brian D. FinnChief Executive Officer(212) 818-8800
Rotor Acquisition (NYSE:ROT.U)
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