Tastemaker Acquisition Corp. Announces Pricing of Upsized $240 Million Initial Public Offering
January 08 2021 - 6:08AM
Tastemaker Acquisition Corp. (the "Company"), a newly organized
blank check company 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, today announced the pricing of its upsized initial
public offering of 24,000,000 units at an initial public offering
price of $10.00 per unit. The units will be listed on The
Nasdaq Capital Market ("Nasdaq") and trade under the ticker symbol
“TMKRU" beginning on January 8, 2021. Each unit consists of one
share of our Class A common stock and one-half of one redeemable
warrant. Each whole warrant entitles the holder thereof to purchase
one share of our Class A common stock at a price of $11.50 per
share. Once the securities comprising the units begin separate
trading, the Class A common stock and warrants are expected to be
listed on Nasdaq under the symbols “TMKR" and "TMKRW,"
respectively.
Stifel is acting as sole book-running manager
for the offering. The Company has granted Stifel a 45-day option to
purchase up to an additional 3,600,000 units at the initial public
offering price, to cover over-allotments, if any.
The registration statements relating to the
securities became effective on January 7, 2021. The offering
is being made only by means of a prospectus. When available, copies
of the final prospectus may be obtained for free on the SEC's
website located at http://www.sec.gov and may also be obtained
by contacting Stifel, Nicolaus & Company, Incorporated, 1 South
Street, 15th Floor, Baltimore, Maryland 21202, Attn: Prospectus
Department, or by emailing syndprospectus@stifel.com
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 January 12,
2021, subject to satisfaction of customary closing conditions.
About Tastemaker Acquisition
Corp.,
Tastemaker Acquisition Corp., led by David Pace,
Co-Chief Executive Officer; Andrew Pforzheimer,
Co-Chief Executive Officer; Gregory Golkin, President; and
Christopher Bradley, Chief Financial Officer, is a newly organized
blank check company 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. We have not selected any specific business combination
target and we have not, nor has anyone on our behalf, initiated any
substantive discussions, directly or indirectly, with any business
combination target. While we may pursue an initial business
combination target in any stage of its corporate evolution or in
any industry, sector or geographic location, we intend to focus our
search for a target business operating in the restaurant,
hospitality and related technology and service sectors.
Cautionary Note Concerning
Forward-Looking StatementsThis press release contains
statements that constitute "forward-looking statements," including
with respect to the completion of the 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 (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 Relations:Keil
DeckerICR(646) 677-1854tastemaker@icrinc.com
Investor Contact:Raphael
GrossICR(203) 682-8253tastemaker@icrinc.com
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