Corsair Partnering Corporation Announces Pricing of Initial Public Offering
June 30 2021 - 8:16PM
Business Wire
Corsair Partnering Corporation (the “Company”), a blank check
company sponsored by an affiliate of Corsair Capital, formed for
the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses, today announced the
pricing of its initial public offering of 25,000,000 units at
$10.00 per unit. The units are expected to be listed on the New
York Stock Exchange (“NYSE”) and trade under the ticker symbol
“CORS.U” beginning on July 1, 2021. Each unit consists of one Class
A ordinary share and one-third of one redeemable warrant. Each
whole warrant entitles the holder thereof to purchase one Class A
ordinary share at a price of $11.50 per share. Only whole warrants
are exercisable. Once the securities comprising the units begin
separate trading, the Class A ordinary shares and redeemable
warrants are expected to be listed on NYSE under the symbols “CORS”
and “CORS WS,” respectively. The offering is expected to close on
July 6, 2021, subject to customary closing conditions.
Evercore Group L.L.C. and BofA Securities, Inc. are acting as
the book-running managers of the offering. The Company has granted
the underwriters a 45-day option to purchase up to an additional
3,750,000 units 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 from Evercore Group L.L.C., Attn: Equity Capital Markets,
55 East 52nd Street, 36th Floor, New York NY 10055, by phone at
(888) 474-0200, or by email at ecm.prospectus@evercore.com or BofA
Securities, Inc., Attn: Prospectus Department, 200 North College
Street, 3rd Floor, Charlotte, NC 28255, by phone at (800) 294-1322,
or by email at dg.prospectus_requests@bofa.com.
A registration statement relating to the securities has been
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”). 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 registration
statement and preliminary prospectus for the Company’s offering
filed with the SEC. Copies of these documents 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/20210630006043/en/
Investor Contact IR@Corsair-Capital.com
Media Contact David Millar/Danya Al-Qattan Sard Verbinnen
& Co. Corsair-SVC@sardverb.com
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