Social Capital Suvretta Holdings Corp. IV Announces Pricing of Upsized $220,000,000 Initial Public Offering
June 30 2021 - 9:00AM
Business Wire
Social Capital Suvretta Holdings Corp. IV (the "Company")
announced today that it has priced its upsized initial public
offering of 22,000,000 Class A ordinary shares at $10.00 per share.
The Class A ordinary shares will be listed on the Nasdaq Capital
Market and trade under the ticker symbol "DNAD" beginning June 30,
2021.
The Company is led by Chamath Palihapitiya and Kishen Mehta and
is a blank check company formed for the purpose of effecting a
merger, amalgamation, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses. The Company intends to focus on businesses
operating in the biotechnology industry and within the immunology
subsector.
Morgan Stanley is acting as sole book-running manager, and SoFi
is acting as co-manager. The Company has granted the underwriters a
45-day option to purchase up to an additional 3,300,000 Class A
ordinary shares 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 for free from
the U.S. Securities and Exchange Commission (the "SEC") website
http://www.sec.gov; or from Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014, Email: prospectus@morganstanley.com.
Registration statements relating to the securities became
effective on June 29, 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.
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 preliminary
prospectus for the Company's offering filed with the SEC. Copies of
these documents are available on the SEC's website,
http://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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version on businesswire.com: https://www.businesswire.com/news/home/20210630005605/en/
Investors: Social Capital Suvretta Holdings Corp. IV
legal@socialcapital.com
Media: Sara Evans / Kerry Golds Finsbury Glover Hering
sara.evans@fgh.com / kerry.golds@fgh.com
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