Learn CW Investment Corporation Announces Pricing of $200 Million Initial Public Offering
October 08 2021 - 11:48AM
Business Wire
Learn CW Investment Corporation (NYSE: LCW) (“Learn CW” or the
“Company”) announced today the pricing of its initial public
offering (“IPO”) of 20,000,000 units at price of $10.00 per unit.
The units are expected to be listed on The New York Stock Exchange
(“NYSE”) and trade under the ticker symbol “LCW.U” beginning on
October 8, 2021. Each unit issued in the IPO consists of one Class
A ordinary share of the Company and one-half of one redeemable
warrant, with each whole warrant exercisable to purchase one Class
A ordinary share of the Company at a price of $11.50 per share.
After the securities comprising the units begin separate trading,
the Company’s Class A ordinary shares and warrants are expected to
be listed on the NYSE under the symbols “LCW,” and “LCW.WS,”
respectively.
The Company has granted the underwriters a 45-day option to
purchase up to an additional 3,000,000 units at the IPO price to
cover over-allotments, if any.
The offering is expected to close on or about October 13, 2021,
subject to customary closing conditions.
Evercore Group ISI is acting as the sole book-running manager in
the offering.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission (“SEC”) and
became effective on October 7, 2021. The offering is being made
only by means of a prospectus, copies of which may be obtained,
when available, by contacting Evercore Group L.L.C., 55 East 52nd
Street, Ste 35, New York, New York 10055; email:
ecm.prospectus@evercore.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 Learn CW Investment Corporation
Learn CW Investment Corporation is a newly incorporated blank
check company formed as a Cayman Islands exempted company for the
purpose of effecting a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with
one or more businesses.
https://www.learncwinvestmentcorp.com/
Forward Looking Statements
This press release includes forward looking statements that
involve risks and uncertainties. Forward looking statements are
subject to numerous conditions, risks and changes in circumstances,
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, as amended from time to time, and
prospectus for the offering filed with the SEC. Such
forward-looking statements include the successful consummation of
the Company’s initial public offering or exercise of the
underwriters’ over-allotment option. 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.
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Media Requests: Charlotte Jerbic Info@LearnCWInvestmentCorp.com
+1-424-324-2990
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