DENVER, 28 October 2021 / PRNewswire / – Accretion Acquisition Corp. (NASDAQ: ENERU) (the “Company”) announced that it has completed the sale of an additional 2,700,000 units at a public offering price of $ 10.00 per unit following the full exercise by the underwriters of the over-allotment option granted in the context of the Company’s initial public offering. After giving effect to the exercise of the option, a total of 20,700,000 units were issued as part of the initial public offering for a total gross proceeds of $ 207,000,000.
Each unit consists of one common share, a right to receive one-tenth of a common share upon completion of an initial business combination, and half a warrant, each warrant integer authorizing its holder to purchase an ordinary share at the price of $ 11.50 per share, subject to adjustment. Once the securities comprising the units begin to trade separately, the common shares, rights and warrants are expected to be listed on the Nasdaq under the symbols “ENER”, “ENERR” and “ENERW”, respectively.
EarlyBirdCapital, Inc. and Stephens Inc. acted as book managers for the offering.
The public offer was made by means of a prospectus. Copies of the preliminary prospectus relating to the offering and the final prospectus can be obtained from EarlyBirdCapital, Inc., Attention: Syndicate Department, 366 Madison Avenue, 8th Floor, New York, New York State 10017, or by phone at (212) 661-0200, or Stephens Inc., Attention: Prospectus Department, 111 Center Street, Little Rock, AR 72201, by phone at (800) 643-9691 or by email at [email protected].
The registration statements relating to these securities have been filed with the Securities and Exchange Commission and were effective October 20, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will also be no sale of such securities in any state or jurisdiction in which such offering, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. .
Accretion Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, share swap, asset acquisition, share purchase, recapitalization or other similar business combination with one or more companies or entities . The Company’s efforts to identify a potential target business will not be limited to any particular industry or geographic region.
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. These forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from forward-looking statements. The Company expressly disclaims any obligation or commitment to publicly release any update or revision to any forward-looking statement contained herein to reflect any change in the Company’s expectations in this regard or any change in events, conditions or circumstances on which a statement is based on.
SOURCE Accretion Acquisition Corp.