Epiphany Technology Acquisition Corp. Announces Pricing of $350,000,000 Initial Public Offering
January 07 2021 - 6:38PM
Epiphany Technology Acquisition Corp. (the “Company”) announced
today that it priced its initial public offering of 35,000,000
units at $10.00 per unit. The units will be listed on the Nasdaq
Capital Market (“Nasdaq”) and will begin trading tomorrow, Friday,
January 8, 2021, under the ticker symbol “EPHYU”. Each unit
consists of one share of the Company’s Class A common stock and
one-third 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. 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
warrants are expected to be listed on Nasdaq under the symbols
“EPHY” and “EPHYW,” respectively.
The Company 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. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus its search on companies in the
technology industry. The Company is led by Chief Executive Officer
and Chief Financial Officer, Peter Bell, Chairman of the Board,
Arthur Coviello, and Vice Chairman of the Board, Paul Deninger.
Cantor Fitzgerald & Co. is acting as the
sole book running manager for the offering. The Company has granted
the underwriters a 45-day option to purchase up to an additional
5,250,000 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 Cantor Fitzgerald & Co., Attention: Capital
Markets, 499 Park Avenue, 5th Floor New York, New York 10022;
Email: prospectus@cantor.com.
A registration statement relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission (“SEC”) on January 7,
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 initial public offering. No assurance can be given that the
offering discussed above will be completed on the terms described,
or at all. 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.
Contact
Peter BellArt CovielloPaul DeningerEpiphany Technology
Acquisition Corp. (619) 736-6855
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