MIAMI BEACH, Fla., June 10, 2021 /PRNewswire/ -- JAWS Hurricane
Acquisition Corporation (the "Company"), a special purpose
acquisition company formed for the purpose of entering into a
combination with one or more businesses, today announced the
pricing of its upsized initial public offering of 27,500,000 units
at a price of $10.00 per unit. The
units will be listed on The Nasdaq Capital Market, or Nasdaq, and
trade under the ticker symbol "HCNEU" beginning June 11, 2021. Each unit consists of one share of
Class A common stock of the Company and one-fourth of one
redeemable warrant. Each whole warrant entitles the holder thereof
to purchase one share of Class A common stock of the Company at a
price of $11.50 per share. Once the
securities comprising the units begin separate trading, the shares
of Class A common stock and warrants are expected to be listed on
Nasdaq under the symbols "HCNE" and "HCNEW," respectively.
Led by Chairman Barry S.
Sternlicht and Chief Executive Officer Matthew Walters, JAWS Hurricane Acquisition
Corporation expects to focus on consumer technology and related
technology businesses with attractive growth-oriented
characteristics and strong underlying demand drivers and with all
or a substantial portion of activities in North America.
Credit Suisse Securities (USA)
LLC and J.P. Morgan Securities LLC are serving as the joint
book-running managers for the offering. The Company has granted the
underwriters a 45-day option to purchase up to an additional
4,125,000 units at the initial public offering price to cover
over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus may be obtained from: Credit
Suisse Securities (USA) LLC, Attn:
Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, Telephone:
1-800-221-1037, email: usa.prospectus@credit-suisse.com;
or J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Telephone: 1-866-803-9204;
email: prospectus-eq_fi@jpmchase.com.
Registration statements relating to the securities became
effective on June 10, 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 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 June
15, 2021, subject to customary closing conditions.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
proposed 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 Company's offering
filed with the Securities and Exchange Commission ("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.
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SOURCE Jaws Hurricane Acquisition Corp.