FVAM 501 Acquisition Corp

5:01 Acquisition Corp. (the “Company”) (NASDAQ: FVAM) announced today that the underwriter of its previously announced initial public offering of Class A common stock, par value $0.0001 per share, partially exercised its over-allotment option resulting in the issuance of an additional 256,273 shares at a price to the public of $10.00 per share for gross proceeds of approximately $2.6 million.

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The Company’s shares of Class A common stock began trading on The Nasdaq Capital Market under the ticker symbol “FVAM” on October 14, 2020.

BofA Securities acted as sole book-running manager for the Company’s initial public offering. The Company granted the underwriter the option to purchase the shares described herein in connection with the Company’s initial public offering of 8,000,000 shares of its Class A common stock at a public offering price of $10.00 per share, which closed on October 16, 2020.

The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department or by email at dg.prospectus_requests@bofa.com.

A registration statement relating to this offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on October 13, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, 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 any potential business combination. 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 for the Company’s offering filed with the SEC and the preliminary prospectus included therein. Copies of these documents 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
5:01 Acquisition Corp.
Jason Ruth, Chief Business Officer
501AcquisitionCorp@5AMVentures.com
415-993-8570