Brief: Prize To List On Nasdaq Through Business Combination With Rose Hill Acquisition Corporation

Rose Hill Acquisition

20/10/2022 12:40

Oct 20 (Reuters) - Rose Hill Acquisition Corp  ROSE.O :
    * PRIZE TO LIST ON NASDAQ THROUGH BUSINESS COMBINATION WITH
ROSE
HILL ACQUISITION CORPORATION
    * ROSE HILL ACQUISITION CORP - PRIZE BECOMING A U.S.
PUBLICLY
LISTED COMPANY WITH AN INITIAL ENTERPRISE VALUE OF APPROXIMATELY
US$425 MILLION
    * ROSE HILL ACQUISITION CORP - ROSE HILL HAS ENTERED INTO A
DEFINITIVE $150 MILLION STANDBY EQUITY PURCHASE AGREEMENT
("SEPA") WITH YORKVILLE ADVISORS
    * ROSE HILL ACQUISITION CORP -  WILL SEEK PIPE OFFERING, IF
OBTAINED, EXPECTED TO RESULT IN $65 MILLION IN TOTAL CASH
PROCEEDS TO PRIZE AFTER CLOSE
    * ROSE HILL ACQUISITION CORP - EXISTING PRIZE SHAREHOLDERS
ARE
EXPECTED TO OWN APPROXIMATELY 80% OF SHARES OF COMBINED COMPANY
    * ROSE HILL ACQUISITION CORP -  ROSE HILL SPONSOR LLC
EXPECTED TO
OWN 1.7% OF SHARES OF COMBINED CO, REMAINING SHARES MAY BE OWNED
BY PIPE INVESTORS
    * ROSE HILL ACQUISITION CORP - PROPOSED DEAL ALSO INCLUDES A
SHARE
PRICE-BASED EARNOUT STRUCTURE FOR ROSE HILL SPONSOR AND EXISTING
PRIZE SHAREHOLDERS

Source text for Eikon:  ID:nPn28hGhza 
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