Qomolangma Acquisition Corp. Announces Pricing of $50 Million Initial Public Offering
September 29 2022 - 7:35PM
Qomolangma Acquisition Corp., a Delaware corporation (NASDAQ:
QOMOU) (the “Company”) announced today that it priced its initial
public offering of 5,000,000 units at $10.00 per unit.
The Company’s units are expected to be listed on
The NASDAQ Capital Market (“Nasdaq”) and trade under the ticker
symbol “QOMOU” beginning Friday, September 30, 2022. Each unit
consists of one share of common stock, par value $0.0001 per share,
one right to receive one-tenth (1/10) of a share of common stock
and one redeemable warrant to acquire one share of common stock, at
an exercise price of $11.50 per share. The underlying securities of
the units are not trading separately at this time. Once the
securities comprising the units begin separate trading, the shares,
rights, and warrants are expected to be listed on Nasdaq under the
symbols “QOMO”, “QOMOR” and “QOMOW”, respectively.
Ladenburg Thalmann & Co. Inc. is acting as
the sole bookrunner and the representative of the underwriters in
the offering. The underwriters have been granted a 45-day option to
purchase up to an additional 750,000 units offered by the Company
to cover over-allotments, if any.
The offering is expected to close on Tuesday,
October 4, 2022 subject to customary closing conditions.
The Company’s sponsor, Qomolangma Investments
LLC, a Delaware limited liability company, and/or its designees,
has committed and agreed to purchase an aggregate of 260,500 units
(or 284,875 units if the over-allotment option is exercised in
full) at a price of $10.00 per unit for an aggregate purchase price
of $2,605,000 (or $2,848,750 if the over-allotment option is
exercised in full), in a private placement that will close
simultaneously with the closing of the initial public offering.
Each private placement unit shall consist of one share of common
stock, one right to receive one-tenth (1/10) of a share of common
stock upon the consummation of an initial business combination and
one private placement warrant exercisable to purchase one share of
common stock at a price of $11.50 per share.
The offering is being made only by means of a
prospectus, copies of which may be obtained by contacting Ladenburg
Thalmann & Co., Inc. located 640 5th Ave., 4th Floor, New York,
NY 10019 or at prospectus@ladenburg.com. Copies of the registration
statement can be accessed through the SEC’s website
at www.sec.gov.
A registration statement on Form S-1 relating to
these securities (SEC Registration Number: 333-265447) was declared
effective by the Securities and Exchange Commission on September
29, 2022. A final prospectus relating to this offering will be
filed with the SEC. This press release shall not constitute an
offer to sell or a solicitation of an offer to buy, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Qomolangma Acquisition Corp.
Qomolangma Acquisition Corp. is a blank check
company formed under the laws of the State of Delaware for the
purpose of effecting a merger, share exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses.
Forward Looking Statements
This press release contains statements that
constitute “forward-looking statements,” including with respect to
the proposed initial public offering and the anticipated use of the
net proceeds. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company’s registration statement and preliminary prospectus for the
offering filed with the SEC. Copies are available on the SEC’s
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
Company Contacts:
Jonathan P. MyersPresident and Chief Executive
Officer1178 Broadway, 3rd FloorNew York, NY 10001(646)
791-7587Email: jmyers@ventac-partners.com
Source: Qomolangma Acquisition Corp.
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