Hamilton Lane Alliance Holdings I, Inc. Announces the Separate Trading of its Shares of Class A Common Stock and Redeemable W...
March 04 2021 - 5:00PM
Hamilton Lane Alliance Holdings I, Inc. (Nasdaq: HLAHU) (the
“Company”) announced that, commencing March 5, 2021, holders of the
units sold in the Company’s initial public offering of 27,600,000
units, may elect to separately trade the shares of Class A common
stock and redeemable warrants included in the units. Those units
not separated will continue to trade on the Nasdaq Stock Market
(“Nasdaq”) under the symbol “HLAHU,” and the shares of Class A
common stock and redeemable warrants that are separated will trade
on Nasdaq under the symbols “HLAH” and “HLAHW,” respectively. No
fractional warrants will be issued upon separation of the units and
only whole warrants will trade. Holders of units will need to have
their brokers contact Continental Stock Transfer & Trust
Company, the Company’s transfer agent, in order to separate the
units into shares of Class A common stock and redeemable warrants.
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. Although the Company’s efforts to identify a
prospective business combination opportunity will not be limited to
a particular industry, it intends to identify and consummate an
initial business combination that it believes will generate
attractive long-term returns for its shareholders. The Company
intends to avoid companies in highly cyclical sectors such as
upstream and midstream energy, commodities or real estate. The
Company’s sponsor is an affiliate of Hamilton Lane Advisors,
L.L.C., the managing member of which is Hamilton Lane Incorporated
(Nasdaq: HLNE), a leading private markets investment management
firm.
The units were initially offered by the Company in an
underwritten offering. J.P. Morgan Securities LLC and Morgan
Stanley & Co. LLC acted as joint book-running managers of the
offering. A registration statement relating to the securities, as
well as a related registration statement on Form S-1MEF filed with
the Securities and Exchange Commission (the “SEC”) pursuant to Rule
462(b) under the Securities Act of 1933, as amended, became
effective on January 12, 2021.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, 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 was made only by means of a prospectus, copies of
which may be obtained for free from the SEC website at www.sec.gov
or by contacting J.P. Morgan Securities LLC c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, telephone: 1-866-803-9204, or by emailing at
prospectus-eq_fi@jpmchase.com and Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, Second Floor,
New York, New York 10014.
Forward-Looking Statements
This press release may include “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements other than statements of historical fact
included in this press release are forward-looking statements. When
used in this press release, words such as “anticipate,” “believe,”
“estimate,” “expect,” “intend” and similar expressions, as they
relate to us or our management team, identify forward-looking
statements. Such forward-looking statements are based on the
beliefs of management, as well as assumptions made by, and
information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the Securities and Exchange
Commission. All subsequent written or oral forward-looking
statements attributable to us or persons acting on our behalf are
qualified in their entirety by this paragraph. 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
prospectus relating to the Company’s initial public offering filed
with the SEC. 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
Hamilton Lane Alliance Holdings I,
Inc.+1-610-617-6026hlalliance@hamiltonlane.com
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