ATLANTA, Oct. 18, 2021 /PRNewswire/ -- Rose Hill
Acquisition Corporation (the "Company") today announced the
closing of its initial public offering (the "Offering") of
12,500,000 units at a price of $10.00
per unit. Each unit consists of one Class A ordinary share
and one-half of one redeemable warrant, with each whole
warrant exercisable to purchase one Class A ordinary share at a
price of $11.50 per share. Only whole
warrants will be exercisable. The underwriter exercised their
over-allotment option in full for an additional 1,875,000 units,
which overallotment will close simultaneously with the closing of
the Offering. As a result, the aggregate gross proceeds of the
Offering, including the over-allotment, are $143,750,000, prior to deducting underwriting
discounts, commissions and other offering expenses.
The Company's units began trading on the Nasdaq Global Market
("Nasdaq") on October 14,
2021, under the ticker symbol "ROSEU." Once the securities
comprising the units begin separate trading, the Class A
ordinary shares and warrants are expected to be listed on the
Nasdaq under the symbols "ROSE" and "ROSEW," respectively.
Cantor Fitzgerald & Co. acted as the sole book-running
manager for the offering.
The Offering was made only by means of a prospectus. Copies of
the prospectus relating to this offering may be obtained from
Cantor Fitzgerald & Co., Attention: Capital Markets, 499
Park Avenue, 5th Floor New York, New
York 10022; Email: prospectus@cantor.com.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on October 13,
2021. This press release shall not constitute an offer to
sell or the 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 Rose Hill Acquisition Corporation
Rose Hill Acquisition Corporation is a newly formed blank check
company for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses or entities.
While the Company may pursue an initial business combination
target in any business, industry or geographic location, the
Company intends to focus on companies that operate in Latin
American markets with an enterprise value of between $400 million to $1.0
billion.
Forward Looking-Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the search
for an initial business combination. No assurance can be given that
the proceeds of the offering 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
forth in the Risk Factors section of the Company's registration
statement for the initial public offering filed with the SEC.
Copies are available on the SEC's website at 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.
Contact:
Juan Jose Rosas
Co-CFO and Director
jj@rosehillacq.com
+1 (607) 279-2371
Albert Hill
Co-CFO and Director
al@rosehillacq.com
+1 (404) 973-7681
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SOURCE Rose Hill Acquisition Corporation