Warburg Pincus Capital Corporation I-A Announces Pricing of $250 Million Initial Public Offering
March 04 2021 - 9:14PM
Warburg Pincus Capital Corporation I-A (the “Company”) today
announced the pricing of 25,000,000 units at $10.00 per unit. The
units will be listed on the New York Stock Exchange (the "NYSE")
under the symbol "WPCA.U" commencing on March 5, 2021. Each unit
consists of one Class A ordinary share and one-fifth of one
redeemable warrant, with each whole warrant entitling the holder
thereof to purchase one Class A ordinary share at a price of $11.50
per share. Once the securities constituting the units begin
separate trading, we expect that the units will be listed on the
NYSE under the symbols "WPCA" and "WPCA WS," respectively. The
initial public offering is expected to close on March 9, 2021,
subject to customary closing conditions.
Citigroup Global Markets Inc., Credit Suisse Securities (USA)
LLC and Evercore Group L.L.C. are acting as joint bookrunners of
the offering. The Company has granted the underwriters a 45-day
option to purchase an additional 3,750,000 units at the initial
public offering price to cover any over-allotments.
The initial public offering will only be made by means of a
prospectus. When available, copies of the prospectus relating to
this offering may be obtained from: Citigroup Global Markets Inc.,
Attention: Citigroup Global Markets Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by
telephone at 800-831-9146, from Credit Suisse Securities (USA) LLC,
Attn: Prospectus Department, 6933 Louis Stephens Drive,
Morrisville, North Carolina 27560, Telephone: 1-800-221-1037,
Email: usa.prospectus@credit-suisse.com, or 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.
A registration statement relating to the securities became
effective on March 4, 2021 in accordance with Section 8(a) of
the Securities Act of 1933, as amended. 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.
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 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.
About Warburg Pincus Capital Corporation
I-A
Warburg Pincus Capital Corporation I-A is a newly organized,
blank check company created for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses or
entities. The Company is not limited to a particular industry or
geographic region in the identification and acquisition of a target
company. The sponsor of the Company is an affiliate of Warburg
Pincus LLC (“Warburg Pincus”).
The Company intends to identify a target with strong fundamental
growth that could benefit from Warburg Pincus’ longstanding
experience, global presence, domain expertise, operational support
and extensive networks and that presents potential for an
attractive risk-adjusted return profile.
Contacts
Kerrie Cohen, Warburg
PincusKerrie.cohen@warburgpincus.com917-887-9184
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