NEW YORK AND ABU DHABI, United Arab Emirates, Sept. 23, 2021 /PRNewswire/ -- Blue Whale
Acquisition Corp I (NASDAQ: BWCAU) (the "Company") today announced
that, commencing September 24, 2021,
holders of the units sold in the Company's initial public offering
of 22,940,811 units, completed on March 31,
2021, 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 LLC ("NASDAQ") under the symbol "BWCAU," and the shares of
Class A common stock and redeemable warrants that are separated
will trade on NASDAQ under the symbols "BWC" and "BWCAW,"
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 units were initially offered by the Company in an
underwritten offering. Goldman Sachs & Co. LLC and BofA
Securities acted as joint book-running managers in the
offering.
A registration statement relating to these securities
was declared effective by the U.S. Securities and Exchange
Commission (the "SEC") on August 3,
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 the
prospectus relating to the offering may be obtained for free from
the U.S. Securities and Exchange Commission website
(http://www.sec.gov); Goldman Sachs & Co. LLC, Attention:
Prospectus Department, 200 West Street, New York, New York 10282-2198, telephone +1
866 471 2526, facsimile: +1 212 902 9316, or email:
prospectus-ny@ny.email.gs.com; and BofA Securities, NC1-004-03-43,
200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention:
Prospectus Department or email:
dg.prospectus_requests@bofa.com.
About Blue Whale Acquisition Corp I
Blue Whale Acquisition Corp I is a newly organized blank check
company formed by an affiliate of Mubadala Capital. Mubadala
Capital is the asset management subsidiary of Mubadala, a leading
global sovereign investor headquartered in Abu Dhabi. In addition to managing its own
balance sheet investments, Mubadala Capital manages c. $9 billion in third-party capital vehicles on
behalf of institutional investors in each of its businesses,
including three private equity funds, two early stage venture
funds, a public fund and a fund in Brazil focused on special situations. Mubadala
Capital is a differentiated and value-added investor that leverages
both the Mubadala network and the relationships embedded within the
investment team to source proprietary investment opportunities on a
global basis. Mubadala Capital invests across a range of asset
classes including private equity, public equity and venture
capital. Each business employs a fundamentals-driven investment
strategy, prioritizing capital preservation and long-term value
creation.
Mubadala Capital has a long track record of successfully
identifying category leaders suitable for investment, especially in
media, entertainment, and premium content and services sectors.
Representative transactions the firm has consummated in the recent
past include EMI Music Publishing (acquired in 2012 and
successfully exited in 2018, making Mubadala Capital one of the few
institutional investors to successfully structure, purchase and
exit a major music asset in the last decade), Endeavor (acquired in
2014), Reigning Champs (acquired in 2014), Imagine Entertainment
(acquired in 2016), YES Network (acquired in 2019) and Looping
Group (acquired in 2019). In total, these transactions and others
in the media, entertainment and premium content and services
sectors represent more than $1
billion of capital deployed.
Forward Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and the anticipated use of the net proceeds
thereof. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net 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 preliminary prospectus for the Company's 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.
Media contact:
Salam Kitmitto
sakitmitto@mubadala.ae
+971 50 276 9286
Mubadala Capital
Katie Kuga Wenner
kwenner@mubadalacapital.ae
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SOURCE Mubadala Capital