Home Book trading Latin America Focused SPAC Rose Hill Acquisition Corporation Announces Price of $ 125,000,000 Million Initial Public Offering

Latin America Focused SPAC Rose Hill Acquisition Corporation Announces Price of $ 125,000,000 Million Initial Public Offering

0


Posted: October 13, 2021 at 9:42 p.m. EDT|Update: 3 hours ago

ATLANTA, October 13, 2021 / PRNewswire / – Rose Hill Acquisition Corporation (the “Society“) announced today the price of its initial public offering of 12,500,000 units at the price of $ 10.00 per unit. The units will be listed on the Nasdaq Global Market (“Nasdaq“) and trade under the ticker symbol” ROSEU “from October 14, 2021. Each unit consists of one Class A common share and a redeemable half warrant, each whole warrant being exercisable to purchase one Class A common share at the price of $ 11.50 per share. Only whole warrants may be exercised. Once the securities comprising the Units begin to trade separately, the Class A Common Shares and Warrants are expected to be listed on Nasdaq under the symbols “ROSE” and “ROSEW”, respectively.

Cantor Fitzgerald & Co. acts as the sole accounting manager of the offering. The Company has granted the underwriters a 45-day option to purchase up to 1,875,000 additional units at the initial public offering price to cover over-allotments, if any.

The offer is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; E-mail: [email protected].

A registration statement relating to these securities was declared effective by the United States Securities and Exchange Commission (the “SEC”) on October 13, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Rose Hill Acquisition Corporation

Rose Hill Acquisition Corporation is a newly formed blank check company for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies or entities.

While the Company may pursue an initial goal of business combination in any business, industry or geographic location, the Company intends to focus on companies that operate in Latin American markets with value company between $ 400 million To $ 1.0 billion.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements”, in particular with regard to the initial public offering and the search for an initial business combination. No guarantee can be given that the offer discussed above will be made under the conditions described, or not at all, or that the proceeds of the offer 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 out 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 assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.

Contact:

Juan José Rosas
Co-Chief Financial Officer and Director
[email protected]
+1 (607) 279-2371

Show original content:

SOURCE Acquisition of Rose Hill

The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.