PROVIDENCE, R.I., May 18, 2021 /PRNewswire/ -- Skydeck
Acquisition Corp. (the "Company"), a special purpose acquisition
company formed for the purpose of entering into a combination with
one or more businesses, today announced the pricing of its initial
public offering of 20,000,000 units at a price of $10.00 per unit. The units will be listed on The
Nasdaq Capital Market and trade under the ticker symbol "SKYAU"
beginning May 19, 2021. Each unit
consists of one Class A ordinary share of the Company and one-third
of one redeemable warrant. Each whole warrant entitles the holder
thereof to purchase one Class A ordinary share of the Company at a
price of $11.50 per share. Once the
securities comprising the units begin separate trading, the Class A
ordinary shares and warrants are expected to be listed on the
Nasdaq Capital Market under the symbols "SKYA" and "SKYAW,"
respectively.
Led by Chairman Paul J. Salem and
Chief Executive Officer Martin J.
Mannion and supported by Chief Financial Officer
Christopher S. Satti and Chief
Operating Officer Freddy Flaxman,
Skydeck Acquisition Corp. expects to focus on media, technology,
communications and digital health companies in the United States and other regions that
satisfy public investor demands for high-growth businesses and
leverages the management team's relationships, experience and
insight.
J.P. Morgan and Morgan Stanley are serving as book-running
managers for this offering. The Company has granted the
underwriters a 45-day option to purchase up to an additional
3,000,000 units at the initial public offering price to cover
over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus may be obtained from: J.P.
Morgan Securities LLC, Attn: Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY
11717 (telephone: 1-866-803-9204), or by email at
prospectus-eq_fi@jpmchase.com and Morgan Stanley & Co. LLC,
Attn: Prospectus Department, 180 Varick Street, 2nd Floor,
New York, NY 10014.
Registration statements relating to the securities became
effective on May 18, 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.
The offering is expected to close on May
21, 2021, subject to customary closing conditions.
Cautionary Note Concerning 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. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net 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 and preliminary prospectus for the Company's offering
filed with the Securities and Exchange Commission ("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.
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SOURCE Skydeck Acquisition Corp.