NEW YORK, Nov. 30, 2020 /PRNewswire/ -- Far Peak
Acquisition Corporation (the "Company") announced today that it has
commenced its initial public offering ("IPO") of 55,000,000 units
at a price of $10.00 per unit. The
Company intends to grant the underwriters a 45-day option to
purchase up to an additional 8,250,000 units. Each unit issued in
the IPO will consist of one Class A ordinary share and one-third of
one redeemable warrant, with each whole warrant entitling the
holder thereof to purchase one Class A ordinary share at an
exercise price of $11.50 per share,
subject to certain adjustments, terms and limitations. The units
are expected to be listed on the New York Stock Exchange (the
"NYSE") and trade under the ticker symbol "FPAC.U." Once the
securities comprising the units begin separate trading, the Class A
ordinary shares and warrants are expected to be listed on the NYSE
under the symbols "FPAC" and "FPAC.WS," respectively.
Wells Fargo Securities is acting as sole book-running
manager.
The public offering will only be made by means of a prospectus.
Copies of the preliminary prospectus relating to the offering and
final prospectus, when available, may be obtained from Wells Fargo
Securities, Attn: Equity Syndicate Department, 500 West 33rd
Street, New York, NY 10001, by
telephone at 800-326-5897 or by email at
cmclientsupport@wellsfargo.com.
A registration statement relating to these securities has been
filed with the U.S. Securities and Exchange Commission (the "SEC"),
but has not yet become effective. These securities may not be sold
nor may offers to buy be accepted prior to the time the
registration statement becomes effective. 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 Far Peak Acquisition Corporation
Far Peak Acquisition Corporation was formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination. The
Company intends to focus its search for a target business in the
financial technology, technology or financial services industries.
The Company is sponsored by Far Peak LLC, which is ultimately owned
by Thomas W. Farley, the Company's
Chairman and Chief Executive Officer, and David W. Bonanno, the Company's Chief Financial
Officer. In addition, certain funds and accounts managed by
subsidiaries of BlackRock, Inc. have agreed to make an anchor
investment in the Company.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
proposed IPO. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all.
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 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.
Contacts:
contact@farpeak.com
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SOURCE Far Peak Acquisition Corporation