Brief: Mubadala Capital’s Blue Whale Acquisition Corp I Announces Pricing of $200 Million IPO

Blue Whale Acquisition I

04/08/2021 13:14

Aug 4 (Reuters) - MUBADALA INVESTMENT COMPANY  MUDEV.UL :
    * MUBADALA CAPITAL’S BLUE WHALE ACQUISITION CORP I ANNOUNCES
PRICING OF $200 MILLION INITIAL PUBLIC OFFERING
    * THE PRICING ON AUGUST 3, 2021 OF ITS INITIAL PUBLIC
OFFERING OF
20,000,000 UNITS AT $10.00 PER UNIT
    * UNITS WILL BE LISTED ON THE NASDAQ CAPITAL MARKET
(“NASDAQ”) IN
THE UNITED STATES AND TRADE UNDER THE TICKER SYMBOL “BWCAU”
BEGINNING ON AUGUST 4, 2021
    * EACH UNIT OFFERED FOR SALE CONSISTS OF ONE CLASS A
ORDINARY
SHARE, AND ONE-FOURTH OF ONE WARRANT TO PURCHASE ONE CLASS A
ORDINARY SHARE, FOR $10.00 PER UNIT
    * MIC CAPITAL PARTNERS (PUBLIC) PARALLEL CAYMAN, LP, HAS
AGREED TO
ENTER INTO A FORWARD PURCHASE AGREEMENT THAT WILL PROVIDE FOR
PURCHASE, AT ITS DISCRETION, OF UP TO $50,000,000 FORWARD
PURCHASE UNITS, EACH CONSISTING OF ONE CLASS A ORDINARY SHARE,
OR A FORWARD PURCHASE SHARE, AND ONE-FOURTH OF ONE WARRANT TO
PURCHASE ONE CLASS A ORDINARY SHARE, OR A FORWARD PURCHASE
WARRANT, FOR $10.00 PER UNIT, IN A PRIVATE PLACEMENT TO CLOSE
SUBSTANTIALLY CONCURRENTLY WITH THE CLOSING OF THE INITIAL
BUSINESS COMBINATION
    * GOLDMAN SACHS & CO. LLC AND BOFA SECURITIES ARE ACTING AS
BOOK-RUNNING MANAGERS IN THE OFFERING
    * COMPANY HAS GRANTED UNDERWRITERS A 45-DAY OPTION TO
PURCHASE UP
TO 3,000,000 ADDITIONAL UNITS AT THE INITIAL PUBLIC OFFERING
PRICE TO COVER OVER-ALLOTMENTS, IF ANY

Further company coverage:  MUDEV.UL 

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