Gladstone Acquisition Corporat – GuruFocus.com


MCLEAN, VA / ACCESSWIRE / Aug 4, 2021 / Gladstone Acquisition Corporation (the “Company”) today announced the price, on August 4, 2021, of its initial public offering of 10,000,000 units at $ 10.00 per unit. The units are expected to start trading tomorrow on the Nasdaq Capital Market under the symbol “GLEEU”. Each unit consists of one Class A common share of the Company and a redeemable half warrant, each whole warrant entitling its holder to purchase one Class A common share at a price of 11.50 $ the share. Once the securities comprising the Units begin to trade separately, the Common Shares and the Warrants are expected to trade on the Nasdaq Capital Market under the symbols “GLEE” and “GLEEW”, respectively.

The Company is a blank check company incorporated for the purpose of concluding a merger, capital stock exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar business combination with a or several companies. While the Company may pursue an initial goal of business combination in any business or industry, it intends to focus its research on the agricultural and agricultural sectors, including operations related to agriculture and the businesses that support the agricultural industry, where its management team has extensive experience.

EF Hutton, a division of Benchmark Investments, LLC, acts as the sole accounting manager of the offering. The underwriters have been given a 45-day option to purchase up to an additional 1,500,000 units at the initial public offering price to cover over-allotments, if any.

The offer is expected to close on or around August 9, 2021, subject to customary closing conditions.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (the “SEC”) on August 4, 2021. The offer is being made only by means of a prospectus, copies of which may be obtained, when available. , from EF Hutton, division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, Attention: Syndicate Department, or by email at [email protected] or call (212) 404-7002.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-looking statements

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, including with respect to the initial public offering and the intended use of the proceeds therefrom, are subject to risks and uncertainties, which could cause actual results to differ from those of forward-looking statements, including those set forth in the risk factors section of the registration statement and preliminary prospectus of the Company’s initial public offering. Copies of these documents can be viewed on the SEC’s website at www.sec.gov. No guarantee can be given that the offer discussed above will be carried out under the conditions described, or not at all, or that the net proceeds of the offer will be used as indicated. 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 on which a statement is based, unless required by law.

For more information:
Gladstone Acquisition Company
+ 1-703-287-5893

THE SOURCE: Gladstone Acquisition Company

See the source version on accesswire.com:
https://www.accesswire.com/658470/Gladstone-Acquisition-Corporation-Announces-the-Pricing-of-its-Initial-Public-Offering


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