NEW YORK, Jan. 16, 2018 /PRNewswire/ -- Nebula Acquisition
Corporation (NASDAQ:NEBU.U) (the "Company") announced today that on
January 12, 2018 it closed its
initial public offering of 27,500,000 units, including 2,500,000
units issued pursuant to the partial exercise by the underwriters
of their over-allotment option. The offering was priced at
$10.00 per unit, resulting in gross
proceeds of $275,000,000. The
Company, sponsored by True Wind Capital and led by Adam H. Clammer and James H. Greene, Jr., is a newly organized blank
check company formed for the purpose of effecting a merger or other
business combination with a target company in the technology
industry. The proceeds of the offering will be used to fund such
business combination.
The Company's units began trading on the NASDAQ Capital Market
under the ticker symbol "NEBU.U" on January
10, 2018. Each unit consists of one share of the Company's
Class A common stock and one-third of one warrant. Each whole
warrant will entitle the holder thereof to purchase one whole share
of the Company's Class A common stock at $11.50 per share. Once the securities comprising
the units begin separate trading, the common stock and warrants are
expected to be listed on the NASDAQ Capital Market under the ticker
symbols "NEBU" and "NEBU.W", respectively.
Deutsche Bank Securities and Goldman Sachs & Co. LLC served
as joint book runners for the offering.
The offering was made only by means of a prospectus, copies of
which may be obtained from Deutsche Bank Securities Inc., Attn:
Prospectus Group, 60 Wall Street, New
York, NY 10005, by telephone at 1-800-503-4611 or by email
at prospectus.CPDG@db.com; and Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone toll-free at
1-866-471-2526 or by email at prospectus-ny@ny.email.gs.com.
A registration statement relating to these securities has been
filed with, and declared effective by, the Securities and Exchange
Commission on January 9,
2018.
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
anticipated use of the net proceeds. 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 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.
Investor Contact:
True Wind Capital
Kevin Sullivan
415.780.9987
nebula@truewindcapital.com
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SOURCE True Wind Capital