Enterprise 4.0 Technology Acquisition Corp. Completes Upsized $300 Million Initial Public Offering
October 21 2021 - 4:50PM
Enterprise 4.0 Technology Acquisition Corp. (the “Company”) today
announced the closing of its upsized initial public offering of
30,000,000 units, including 3,900,000 units issued pursuant to the
partial exercise by the underwriter of its over-allotment option.
The offering was priced at $10.00 per unit, resulting in gross
proceeds of $300,000,000.
Enterprise 4.0 Technology Acquisition Corp. is a blank check
company incorporated for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses. While the
Company may pursue a business combination target in any business or
industry, the Company intends to focus its search on companies in
the technology industry. The Company is led by Chief Executive
Officer, Eric Benhamou.
Cantor Fitzgerald & Co. and Mizuho Securities USA LLC acted
as joint book running managers of the offering.
The Company’s units began trading on The Nasdaq Global Market
(the “Nasdaq”) on October 19, 2021 under the ticker symbol “ENTFU”.
Each unit consists of one Class A ordinary share and one-half of
one redeemable warrant, with each whole warrant exercisable to
purchase one Class A ordinary share at a price of $11.50 per share.
After the securities comprising the units begin separate trading,
the Class A ordinary shares and warrants are expected to be listed
on Nasdaq under the symbols “ENTF” and “ENTFW,” respectively.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on October 18, 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 offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering has been made only by means of a prospectus. Copies
of the prospectus relating to this offering have been obtainable
from Cantor Fitzgerald & Co. and Mizuho Securities USA LLC,
Attention: Prospectus Department, 499 Park Avenue New York, New
York 10022 and 1271 Avenue of the Americas New York, New York
10020, respectively.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
Company’s search for an initial business combination.
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, 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
Eric Benhamou Chris Paisley Ron Sege Yash Hemaraj 619.736.6855
info@ent40acquisitioncorp.com
Enterprise 4 0 Technolog... (NASDAQ:ENTFU)
Historical Stock Chart
From Oct 2024 to Nov 2024
Enterprise 4 0 Technolog... (NASDAQ:ENTFU)
Historical Stock Chart
From Nov 2023 to Nov 2024