Mason Industrial Know-how, Inc. Completes $500,000,000 Preliminary Community Presenting | Enterprise & Finance
NEW YORK–(Business enterprise WIRE)–Feb 2, 2021–
Mason Industrial Know-how, Inc. (the “Company”), a freshly arranged blank look at business incorporated in Delaware for the purpose of effecting a merger, capital stock trade, asset acquisition, stock acquire, reorganization or similar small business blend with a person or much more firms, today declared the closing of its initial general public featuring of 50,000,000 models, which include the issuance of 5,000,000 models as a result of the underwriters’ exercising of their about-allotment possibility. Each unit is made up of a person share of the Company’s Class A popular inventory and a person-3rd of one redeemable warrant. Every single full redeemable warrant entitles the holder thereof to invest in one share of the Company’s Class A frequent inventory at a price tag of $11.50 for every share. The presenting was priced at $10.00 for each device, ensuing in gross proceeds of $500,000,000, prior to deducting underwriting discounts and commissions and other providing bills payable by the Firm.
The models began investing on the New York Stock Trade below the ticker symbol “MIT.U” on January 29, 2021. At the time the securities comprising the units start off different buying and selling, the Class A frequent stock and warrants are to be listed on the NYSE below the symbols “MIT” and “MIT.W,” respectively.
Citigroup World Marketplaces Inc. and Jefferies LLC served as underwriters for the offering.
The Company is sponsored by Mason Industrial Sponsor, LLC, an affiliate of Mason Money Administration LLC, a New York based mostly hedge fund energetic in community business, non-public organization, function-driven, credit, shareholder activism and distressed investments. The Business was formed for the intent of executing a enterprise mix in the industrial technological innovation, state-of-the-art components or specialty chemicals industries.
The offering was designed only by signifies of a prospectus, copies of which when accessible may well be obtained for free from the U.S. Securities and Trade Commission (“SEC”) web page, http://www.sec.gov Citigroup World Marketplaces Inc., c/o Broadridge Money Options, 1155 Prolonged Island Avenue, Edgewood, New York 11717, or by telephone at 1-800-831-9146 or Jefferies LLC, Attn: Fairness Syndicate Prospectus Department, 520 Madison Avenue, 2nd Ground, New York, New York 10022, or by phone at 1-877-821-7388, or e-mail: Prospectus—[email protected].
A registration statement relating to the securities was declared productive by the SEC on January 28, 2021. This push release shall not represent an present to sell or the solicitation of an provide to invest in, nor shall there be any sale of these securities in any point out or jurisdiction in which such offer you, solicitation, or sale would be unlawful prior to registration or qualification beneath the securities rules of any this sort of condition or jurisdiction.
This push release consists of statements that represent “forward-on the lookout statements,” together with with respect to the proposed original public presenting and the expected use of the web proceeds. No assurance can be given that the offering talked about previously mentioned will be completed on the phrases described, or at all, or that the net proceeds of the offering will be used as indicated. Ahead-seeking statements are subject to various circumstances, numerous of which are beyond the management of the Organization, such as these set forth in the Danger Components segment of the Company’s registration assertion for the Company’s giving filed with the SEC and the preliminary prospectus provided therein. Copies are readily available on the SEC’s web-site, www.sec.gov. The Enterprise undertakes no obligation to update these statements for revisions or modifications just after the day of this release, except as essential by regulation.
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Source: Mason Industrial Technology, Inc.
Copyright Small business Wire 2021.
PUB: 02/02/2021 12:55 PM/DISC: 02/02/2021 12:55 PM
Copyright Business Wire 2021.