NEW YORK, Jan. 14, 2022 /PRNewswire/ -- Viscogliosi
Brothers Acquisition Corp. (NASDAQ: VBOCU, the "Company") announced
today that the underwriters in its initial public offering,
pursuant to the terms of the underwriting agreement, fully
exercised their over-allotment option and, on January 14, 2022, purchased 1,125,000 units,
generating additional gross proceeds of $11,250,000. Each unit consists of one share of
common stock and one-half of one redeemable warrant. Each whole
warrant entitles the holder thereof to purchase one share of common
stock at a price of $11.50 per whole
share, subject to adjustment.
The total aggregate issuance by the Company of 8,625,000 units
at a price of $10.00 per unit
resulted in total gross proceeds of $
86,250,000.
The units are listed on the NASDAQ Global Market ("NASDAQ") and
began trading under the ticker symbol "VBOCU" on January 7, 2022. Once the securities comprising
the units begin separate trading, the common stock and warrants are
expected to be listed on NASDAQ under the symbols "VBOC," and
"VBOCW," respectively.
Raymond James & Associates,
Inc. acted as sole book running manager in the offering.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
January 6, 2022. The offering was
made only by means of a prospectus, copies of which may be obtained
by contacting Raymond James &
Associates, Inc., 880 Carillon Parkway, St. Petersburg, FL 33716 Attention: Equity
Syndicate, 1-800-248-8863 or prospectus@raymondjames.com. Copies of
the registration statement can be accessed through the SEC's
website at www.sec.gov.
This press release shall not constitute an offer to sell or a
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.
About Viscogliosi Brothers Acquisition Corp.
Viscogliosi Brothers Acquisition Corp. is a blank check company
incorporated in Delaware whose
business purpose is to effect a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or
other similar business combination with one or more businesses or
entities. The Company's efforts to identify a prospective target
business will not be limited to a particular industry or geographic
region, although the Company intends to focus on businesses that
have their primary operations located in North America and Europe in the neuro-musculoskeletal
industry.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. Such forward-looking
statements, including with respect to the expected use of proceeds
from the Company's initial public offering, are subject to risks
and uncertainties, which could cause actual results to differ from
the forward-looking statements. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based, except as required by law.
Contact:
Viscogliosi Brothers Acquisition Corp.
John J. Viscogliosi
President, Chief Executive Officer and Chairman of the Board
505 Park Avenue, 14th Floor, New York,
NY 10022
(212) 583-9700
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SOURCE Viscogliosi Brothers Acquisition Corporation
