Golden Arrow Merger Corp. Announces Closing of $250 Million Initial Public Offering
March 19 2021 - 5:54PM
Golden Arrow Merger Corp. (the “Company”) announced today the
closing of its initial public offering of 25,000,000 units. The
offering was priced at $10.00 per unit, generating total gross
proceeds of $250,000,000.
The units are listed on the Nasdaq Capital Market (“Nasdaq”) and
trade under the ticker symbol “GAMCU”. Each unit consists of one
share of the Company’s Class A common stock and one-third of one
redeemable warrant. Each whole warrant entitles the holder thereof
to purchase one share of the Company’s Class A common stock at an
exercise price of $11.50 per share. Once the securities comprising
the units begin separate trading, the shares of Class A common
stock and redeemable warrants, are expected to be listed on Nasdaq
under the symbols “GAMC” and “GAMCW,” respectively.
BTIG, LLC acted as sole book-running manager and I-Bankers
Securities, Inc. acted as co-manager in the offering. The
underwriters have been granted a 45-day option to purchase up to an
additional 3,750,000 units offered by the Company to cover
over-allotments, if any, at the initial public offering price.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(“SEC”) on March 16, 2021. The offering was made only by means of a
prospectus, copies of which may be obtained by contacting BTIG, LLC
at 65 E. 55th Street, New York, NY 10022, or by email
at equitycapitalmarkets@btig.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 Golden Arrow Merger Corp.
Golden Arrow Merger Corp. is a blank check company formed as a
Delaware corporation for the purpose of effecting a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses. While
the Company may pursue an acquisition opportunity in any business,
industry, sector, or geography, it intends to initially focus its
search on identifying a prospective target business in the
healthcare or healthcare-related infrastructure industries in the
United States and other developed countries.
Forward Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated use of the net proceeds of the offering and the
Company’s search for an initial business combination. No assurance
can be given 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 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.
Media Contact: Golden Arrow Merger Corp. Valerie Toomey
info@goldenarrowspac.com
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