NEW YORK, July 7, 2021 /PRNewswire/ -- AltC
Acquisition Corp. (the "Company") announced the pricing of its
upsized initial public offering of 45,000,000 shares of Class A
common stock at $10.00 per share. The
shares of Class A common stock will be listed on the New York Stock
Exchange (the "NYSE") under the symbol "ALCC" commencing on
July 8, 2021.
AltC Acquisition Corp. was co-founded by Sam Altman and Michael
Klein, who is also the founder and managing partner of M.
Klein and Company. The Company was 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. It may pursue an initial business
combination target in any business or industry.
Citigroup Global Markets Inc. ("Citigroup") is acting as joint
bookrunner and representative of the underwriters and each of J.P.
Morgan Securities LLC ("J.P. Morgan"), Goldman Sachs & Co. LLC
("Goldman Sachs") and BofA Securities ("BofA") is acting as joint
bookrunner. The Company has granted the underwriters a 45-day
option to purchase up to 5,000,000 additional shares of Class A
common stock at the initial public offering price to cover
over-allotments, if any.
This offering will only be made by means of a prospectus. Copies
of the preliminary prospectus relating to the offering and final
prospectus, when available, may be obtained from Citigroup, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717 or by
telephone at (800) 831-9146; J.P. Morgan, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 866-803-9204,
email: prospectus-eq_fi@jpmchase.com; Goldman Sachs, Attention:
Prospectus Department, 200 West Street, New York, NY 10282, telephone: +1 866 471
2526, facsimile: +1 212 902 9316, or email:
prospectus-ny@ny.email.gs.com; and BofA, 200 North College Street,
3rd Floor, Charlotte, NC
28255-0001, Attn: Prospectus Department, or email:
dg.prospectus_requests@bofa.com.
A registration statement relating to these securities has been
declared effective by the U.S. Securities and Exchange Commission
(the "SEC"). 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 the 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 Company's 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.
Contact
AltC Acquisition Corp.
info@churchillcapitalcorp.com
Steve Lipin/Lauren Odell
Gladstone Place Partners
212-230-5930
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SOURCE AltC Acquisition Corp.