Enterprise 4.0 Technology Acquisition Corp. Announces Pricing of Upsized $261,000,000 Initial Public Offering
October 19 2021 - 8:45AM
Enterprise 4.0 Technology Acquisition Corp. (the “Company”)
announced today that it priced its initial public offering of
26,100,000 units at $10.00 per unit. The units will be listed on
the Nasdaq Global Market (“Nasdaq”) and will begin trading today,
October 19, 2021, under the ticker symbol “ENTFU”. Each unit
consists of one Class A ordinary share of the Company and one-half
of one redeemable warrant, each whole warrant entitling the holder
thereof to purchase one Class A ordinary share at a price of $11.50
per share. Only whole warrants are exercisable. Once the securities
comprising the units begin separate trading, the shares of Class A
ordinary shares and warrants are expected to be traded on Nasdaq
under the symbols “ENTF” and “ENTFW,” respectively.
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. While the Company may pursue an initial
business combination target in any business or industry, it intends
to focus its search on companies in the technology industry. The
Company is led by Chief Executive Officer Eric Benhamou.
Cantor Fitzgerald & Co. and Mizuho Securities USA LLC are
acting as joint book running managers for the offering. The Company
has granted the underwriters a 45-day option to purchase up to an
additional 3,915,000 units at the initial public offering price to
cover over-allotments, if any.
The offering is being made only by means of a prospectus. Copies
of the prospectus may be obtained, when available, from Cantor
Fitzgerald & Co. and Mizuho Securities USA LLC, Attention:
Prospectus Department, 499 Park Avenue New York, New York 10022 and
1271 Avenue of the Americas New York, New York 10020,
respectively.
A registration statement relating to these securities has been
filed with, and declared effective by, the Securities and Exchange
Commission (the “SEC”) on October 18, 2021. 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 an 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 the anticipated use of the net proceeds. 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 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
Eric Benhamou Chris Paisley Ron Sege Yash Hemaraj 619.736.6855
info@ent40acquisitioncorp.com
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