Advanced Merger Partners, Inc. Announces Closing of $287.5 Million Initial Public Offering
March 04 2021 - 5:10PM
Business Wire
Advanced Merger Partners, Inc. (the “Company”) announced today
the closing of its initial public offering of 28,750,000 units,
which included the full exercise of the underwriters’
over-allotment option. The offering was priced at $10.00 per unit,
generating total gross proceeds of $287,500,000.
The units are listed on the New York Stock Exchange (“NYSE”) and
trade under the ticker symbol “AMPI.U”. 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.
Goldman Sachs & Co. LLC acted as sole book running manager
in the offering. Roberts & Ryan Investments, Inc. acted as
co-manager.
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 was 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 the
anticipated use of the net proceeds of the offering and the
Company’s search for an initial business combination. 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 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/20210304006121/en/
Advanced Merger Partners, Inc. Roy J. Katzovicz; John Mavredakis
(212) 951-1223 ampinfo@saddlept.com
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