PALO ALTO, Calif., Oct. 8, 2020 /PRNewswire/ -- Social Capital
Hedosophia Holdings Corp. VI (the "Company") announced today
that it priced its initial public offering of 100,000,000 units at
$10.00 per unit. The units will be
listed on the New York Stock Exchange (the "NYSE") and
trade under the ticker symbol "IPOF.U" beginning October 9, 2020. Each unit consists of one Class
A ordinary share and one-fourth of one redeemable
warrant. Each whole warrant entitles the holder thereof to
purchase one Class A ordinary share at a price of
$11.50 per share. Only whole
warrants are exercisable. Once the securities comprising the
units begin separate trading, the Class A ordinary shares
and redeemable warrants are expected to be listed on the
NYSE under the symbols "IPOF" and "IPOF WS," respectively.
The Company is a blank check company formed for the purpose of
effecting a merger, amalgamation, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. The Company intends to
focus on businesses in the technology industries.
Credit Suisse is acting as sole book-running
manager. The Company has granted the underwriter a 45-day
option to purchase up to an additional 15,000,000 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 Credit
Suisse Securities (USA) LLC, Attn:
Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, Telephone:
1-800-221-1037, Email: usa.prospectus@credit-suisse.com.
The registration statement relating to the securities
became effective on October 8,
2020. 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.
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 preliminary prospectus for the Company's
offering filed with the U.S. Securities and Exchange Commission
(the "SEC"). Copies of these documents 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.
Investor Contact:
Social Capital Hedosophia Holdings Corp. VI
Legal@SocialCapital.com
View original
content:http://www.prnewswire.com/news-releases/social-capital-hedosophia-holdings-corp-vi-announces-pricing-of-1-000-000-000-initial-public-offering-301149145.html
SOURCE Social Capital Hedosophia Holdings Corp.