Hamilton Lane Alliance Holdings I, Inc. Announces Pricing of Upsized $240 Million Initial Public Offering
January 12 2021 - 9:49PM
Hamilton Lane Alliance Holdings I, Inc. (the “Company”) today
announced the pricing of its upsized initial public offering of
24,000,000 units at a price of $10.00 per unit. The units are
expected to be listed for trading on The Nasdaq Capital Market
(“Nasdaq”) under the ticker symbol “HLAHU” beginning January 13,
2021. 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 Class
A common stock at a price of $11.50 per share. Once the securities
comprising the units begin separate trading, the Company expects
that its Class A common stock and warrants will be listed on Nasdaq
under the symbols “HLAH” and “HLAHW,” respectively.
The Company was formed for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. Although the Company’s efforts to identify a
prospective business combination opportunity will not be limited to
a particular industry, it intends to identify and consummate an
initial business combination that it believes will generate
attractive long-term returns for its shareholders. The Company
intends to avoid companies in highly cyclical sectors such as
upstream and midstream energy, commodities or real estate.
J.P. Morgan and Morgan Stanley are acting as joint book-running
managers. The Company has granted the underwriters a 45-day option
to purchase up to 3,600,000 additional units at the initial public
offering price to cover over-allotments, if any.
The public offering is being made only by means of a prospectus.
When available, copies of the prospectus relating to the offering
may be obtained from J.P. Morgan Securities LLC c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, telephone: 1-866-803-9204, or by emailing at
prospectus-eq_fi@jpmchase.com and Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, Second Floor,
New York, New York 10014.
A registration statement relating to the securities, as well as
a related registration statement on Form S-1MEF filed with the
Securities and Exchange Commission (the “SEC”) pursuant to Rule
462(b) under the Securities Act of 1933, as amended, became
effective on January 12, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
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. The offering is
expected to close on January 15, 2021, subject to customary closing
conditions.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
proposed initial public offering and the Company’s plans with
respect to the target industry for a potential business
combination. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the Company will ultimately complete a business combination
transaction. 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 U.S. Securities and Exchange
Commission (the “SEC”). Copies of these documents are available on
the SEC’s website, at 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:Hamilton Lane Alliance Holdings I,
Inc.+1-610-617-6026hlalliance@hamiltonlane.com
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