ESH Acquisition Corp. Announces Pricing of $100,000,000 Initial Public Offering
June 13 2023 - 7:10PM
ESH Acquisition Corp. (NASDAQ: ESHAU) (the “Company”) today
announced the pricing of its initial public offering of 10,000,000
units, at a price to the public of $10.00 per unit. The units will
be listed on The Nasdaq Stock Market LLC (the “Nasdaq”) and will
trade under the ticker symbol “ESHAU” beginning on June 14, 2023.
Each unit consists of one share of Class A common stock and one
right. Each right entitles the holder to receive one-tenth (1/10)
of one share of its Class A common stock upon the consummation of
the Company’s initial business combination. After the securities
comprising the units begin separate trading, the shares of Class A
common stock and the rights are expected to be listed on the Nasdaq
under the symbols “ESHA” and “ESHAR,” respectively. The offering is
expected to close on or about June 16, 2023, subject to the
satisfaction of customary closing conditions.
I-Bankers Securities, Inc. and IB Capital LLC are acting as
joint book-running managers for the offering and Dawson James
Securities, Inc. is acting as co-manager of the offering. The
underwriters have been granted a 30-day option to purchase up to an
additional 1,500,000 units offered by the Company to cover
over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus related to this offering may be
obtained from I-Bankers Securities, Inc. at 2500 N Military Trail,
Suite 160-A, Boca Raton, FL 33431.
A registration statement relating to the securities was declared
effective by the Securities and Exchange Commission (“SEC”) on June
13, 2023. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy any 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.
About ESH Acquisition Corp.
The Company is a newly organized blank check company formed for
the purpose of effecting a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or other similar
business combination with one or more businesses or entities. While
the Company may pursue an initial business combination target in
any business, industry or geographical location, it intends to
focus its search on businesses that are focused in the music
and entertainment, sports and hospitality industries.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward-looking statements are
statements that are not historical facts. Such forward-looking
statements, including with respect to the closing of the offering
and the anticipated use of the proceeds thereof, are subject to
risks and uncertainties, which could cause actual results to differ
from the forward-looking statements, including those set forth in
the “Risk Factors” section of the preliminary prospectus used in
connection with the Company’s offering filed with the SEC. Copies
are available on the SEC’s website, www.sec.gov. No assurance can
be given the offering discussed above will be completed on the
terms described, or at all, or the net proceeds of the offering
will be used as indicated. 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, except as required by law.
Contact:
Jonathan Morrisjonathan@eshacquisition.com(407) 720-9250
ESH Acquisition (NASDAQ:ESHAU)
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