New York , Feb. 02, 2021 (GLOBE NEWSWIRE) — The Music Acquisition Company (the “Firm”) in the present day introduced the pricing of its preliminary public providing of 20,000,000 items at a worth of $10.00 per unit. The items can be listed on the New York Inventory Change (the “NYSE”) and commerce beneath the ticker image “TMAC.U” starting on February 3, 2021. Every unit consists of 1 share of Class A typical inventory and one-half of 1 redeemable warrant, with every complete warrant exercisable to buy one share of Class A typical inventory at a worth of $11.50 per share. After the securities comprising the items start separate buying and selling, the shares of Class A typical inventory and warrants are anticipated to be listed on the NYSE beneath the symbols “TMAC” and “TMAC WS,” respectively. The providing is anticipated to shut on February 5, 2021, topic to customary closing circumstances.
The Music Acquisition Company is a clean verify firm whose enterprise objective is to impact a merger, capital inventory alternate, asset acquisition, inventory buy, reorganization or comparable enterprise mixture with a number of companies. Whereas the Firm might pursue an preliminary enterprise mixture goal in any trade or geographic area, the Firm intends to focus its seek for an preliminary enterprise mixture on companies which are both straight or not directly related with the music sector, with explicit emphasis on companies the place the Firm’s vital strategic and operational experience and long-standing place throughout the music trade can be a value-additive proposition to potential goal companies. The Firm is led by Chairman and Chief Govt Officer Neil Jacobson and Chief Working Officer Todd Lowen. Along with Messrs. Jacobson and Lowen, the Firm’s Board of Administrators consists of Michael Levitt, Ben Silverman, and Tunde Balogun.
Citigroup World Markets Inc. and Cantor Fitzgerald & Co. are performing as joint bookrunning managers for the providing. The Firm has granted the underwriters a 45-day choice to buy as much as a further 3,000,000 items on the preliminary public providing worth to cowl over-allotments, if any.
A registration assertion relating to those securities was declared efficient by the U.S. Securities and Change Fee (the “SEC”) on February 2, 2021. This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of those securities in any state or jurisdiction during which such supply, solicitation or sale could be illegal previous to registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.
The providing is being made solely via a prospectus. When accessible, copies of the prospectus regarding the providing could also be obtained from Citigroup World Markets Inc., Consideration: Prospectus Division, c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, NY 11717, or by phone at (800) 831-9146; and Cantor Fitzgerald & Co., Consideration: Prospectus Group, 499 Park Avenue, New York, NY 10022, or by phone at (1-212) 915-1067 or by electronic mail at [email protected]
Ahead Trying Statements
This press launch accommodates statements that represent “forward-looking statements,” together with with respect to the preliminary public providing and seek for an preliminary enterprise mixture. No assurance could be provided that the providing mentioned above can be accomplished on the phrases described, or in any respect, or that the proceeds of the providing can be used as indicated. Ahead-looking statements are topic to quite a few circumstances, lots of that are past the management of the Firm, together with these set forth within the Threat Elements part of the Firm’s registration assertion and preliminary prospectus for the preliminary public providing filed with the SEC. Copies can be found on the SEC’s web site, www.sec.gov. The Firm undertakes no obligation to replace these statements for revisions or modifications after the date of this launch, besides as required by legislation.
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