Advanced Merger Partners, Inc. Announces Pricing of $250 Million Initial Public Offering
March 01 2021 - 6:52PM
Business Wire
Advanced Merger Partners, Inc. (the “Company”) announced today
that it priced its initial public offering of 25,000,000 units at
$10.00 per unit. The units are expected to trade on the New York
Stock Exchange (“NYSE”) under the ticker symbol “AMPI.U” beginning
March 2, 2021. Each unit consists of one share of the Company’s
Class A common stock and one-sixth of one redeemable warrant. Each
whole warrant entitles the holder thereof to purchase one share of
the Company’s Class A common stock at an exercise price of $11.50
per share. Once the securities comprising the units begin separate
trading, the shares of Class A common stock and redeemable warrants
are expected to be listed on the NYSE under the symbols “AMPI” and
“AMPI WS,” respectively.
The offering is expected to close on March 4, 2021, subject to
customary closing conditions.
Goldman Sachs & Co. LLC is acting as sole book running
manager in the offering. Roberts & Ryan Investments, Inc. is
acting as co-manager. The underwriters have been granted a 45-day
option to purchase up to an additional 3,750,000 units offered by
the Company to cover over-allotments, if any, at the initial public
offering price.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(“SEC”) on March 1, 2021. The offering is being made only by means
of a prospectus, copies of which may be obtained by contacting
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200
West Street, New York, New York 10282; Telephone: 1-866-471-2526;
E-mail: Prospectus-ny@ny.email.gs.com. Copies of the registration
statement can be accessed through the SEC’s website at
www.sec.gov.
This press release shall not constitute an offer to sell or a
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.
About Advanced Merger Partners, Inc.
Advanced Merger Partners, Inc. is a blank check company whose
business purpose is to effect a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar
business combination with one or more businesses. The Company is
sponsored by an affiliate of Houlihan Lokey, Inc., a global
investment bank with expertise in mergers and acquisitions, capital
markets, financial restructuring, and valuation, and an affiliate
of Saddle Point Management, L.P., a New York-based registered
investment adviser. The Company has not selected any specific
business combination target and may pursue an acquisition
opportunity in any industry or sector for its initial business
combination.
Forward Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to its
proposed initial public offering, the anticipated use of the net
proceeds thereof and its search for an initial 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 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 offering filed with
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210301006055/en/
Advanced Merger Partners, Inc. Roy J. Katzovicz; John Mavredakis
(212) 951-1223 ampinfo@saddlept.com
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