Berenson Acquisition Corp. I announces the price of a $ 250 million initial public offering
NEW YORK, September 27, 2021 / PRNewswire / – Berenson Acquisition Corp. I (the “Company”) today announced the price of its initial public offering of 25,000,000 units at the price of $ 10.00 per unit. The units are expected to be listed on the New York Stock Exchange and trade under the ticker symbol “BACA.U” from tomorrow. Each unit consists of one Class A common share of the Company and one redeemable half warrant. Each entire warrant entitles its holder to purchase one Class A common share at the price of $ 11.50 per share. Once the securities comprising the units begin to trade separately, the Company expects its common shares and Class A warrants to be listed on the New York Stock Exchange under the symbols “BACA” and “BACA”. WS ”, respectively.
The Company was incorporated for the purpose of effecting a merger, a capital stock exchange, an acquisition of assets, a purchase of shares, a reorganization or a similar business combination with one or more companies. The Company’s efforts to identify a potential target business will not be limited to any particular industry or geographic location, although it intends to focus on companies operating in the software and technology services industry with a total enterprise value greater than $ 1 billion. Navigation Capital Partners, Inc. is a member of the Company’s sponsor group.
BofA Securities and Wells Fargo Securities, LLC act as associate bookkeepers. The Company has granted the underwriters a 45 day option to purchase up to 3,750,000 additional units at the initial public offering price to cover over-allotments, if any.
The public offering is made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, or e-mail [email protected] and Wells Fargo Securities, Attention: Equity Syndicate Department, 500 West 33rd Street, new York, New York 10001, at (800) 326-5897 or by sending an email request to [email protected]
A registration statement relating to securities entered into force on September 27, 2021. 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. before registration or qualification. under the securities laws of any such state or jurisdiction.
The offer is scheduled to close on September 30, 2021, subject to customary closing conditions.
This press release contains statements that constitute “forward-looking statements”, including with respect to the proposed initial public offering and the intended use of the net proceeds thereof. 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. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offer filed. with the United States Securities and Exchange Commission. (the second “). Copies of these documents are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.
About Berenson Acquisition Corp. I
Berenson Acquisition Corp. I is a Special Purpose Acquisition Company (SPAC) focused on the software and technology services industry. The company intends to complete a merger, capital stock exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination. with one or more companies in the software or technology services sectors with a total enterprise value of over $ 1 billion. For more information visit http://www.berensonacquisitioncorp.com/.
SOURCE Berenson Acquisition Corp. I