10X Capital Venture Acquisition Corp Announces Closing of Underwriters’ Over-Allotment Option in Connection with its Initia...
December 18 2020 - 4:58PM
10X Capital Venture Acquisition Corp (Nasdaq: VCVCU) (the
“Company”) today announced the closing of the issuance of an
additional 2,625,000 units pursuant to the exercise of the
underwriters’ over-allotment option in full in connection with the
Company’s initial public offering. The additional units were sold
at the initial offering price of $10.00 per unit, generating
additional gross proceeds of $26,250,000 to the Company and
bringing the total gross proceeds of the initial public offering to
$201,250,000.
10X Capital Venture Acquisition Corp 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. The
Company intends to focus on identifying high growth technology and
tech-enabled businesses domestically and abroad in the consumer
internet, ecommerce, software, healthcare and financial services
industries, as well as other industries that are being disrupted by
advances in technology and on technology paradigms including
artificial intelligence, automation, data science, ecommerce and
Software-as-a-Service.
Wells Fargo Securities acted as the sole book-running manager
for the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus relating to this offering may be obtained from Wells
Fargo Securities, Attention: Equity Syndicate Department, 500 West
33rd Street, New York, New York, 10001, at (800) 326-5897 or
emailing a request to cmclientsupport@wellsfargo.com.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on November 23, 2020. 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.
Forward Looking-Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the proceeds of the offering 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 forth in the Risk Factors section of
the Company’s registration statement and prospectus 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
Colby Billhardt10X Capital(203) 313-5588colby@10xcapital.com
10X Capital Venture Acqu... (NASDAQ:VCVCW)
Historical Stock Chart
From Jun 2024 to Jul 2024
10X Capital Venture Acqu... (NASDAQ:VCVCW)
Historical Stock Chart
From Jul 2023 to Jul 2024