19.03.2021 – 02:52
Levere Holdings Corp.
Berlin, April 23 / PRNewswire /
Levere Holdings Corp. (the “Company”) today announced pricing for its initial public offering of 25,000,000 units at $ 10 per unit. The Units will be listed on the Nasdaq Capital Market (“Nasdaq”) in the United States and will trade under the ticker symbol “LVRAU” as of March 19, 2021.
The company is sponsored by Goggo Network GmbH. The Company was formed for the purpose of a merger, share swap, asset acquisition, share purchase, reorganization or similar business combination with one or more companies in the mobility industry (with a focus on the development of autonomous driving, connected vehicles, mobility services and Electric vehicles) that are present in EMEA or have a high potential for entry into EMEA or that would benefit from a deployment in EMEA in order to then expand into other regions. The company is led by Martin Varsavsky, CEO and Chairman, Yasmine Fage, COO and Director, and Stefan Krause, CIO and CFO.
Each unit consists of one Class A common share and one-third of a warrant exercisable at $ 11.50. Only whole warrants can be exercised. Once the securities making up the Units are traded separately, the Class A common shares and redeemable warrants are expected to be listed on the Nasdaq under the symbols “LVRA” and “LVRAW”, respectively.
Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. are acting as joint book-running managers on the offering. The company has given the underwriter a 45-day option to purchase up to 3,750,000 additional units at the initial issue price to cover any over-allotments.
The registration statements relating to these securities were made effective by the Securities and Exchange Commission (“SEC”) on March 18, 2021. The first public offer will only be made by means of a prospectus. This press release does not constitute an offer, solicitation or solicitation of an offer to buy, nor may these securities be sold in any state or jurisdiction in which such offer, solicitation or sale may be made prior to registration or qualification under the The securities laws of any such state or jurisdiction would be unlawful. When available, copies of the prospectus for the offering can be downloaded free of charge from the website of the US Securities and Exchange Commission http://www.sec.gov or from Citigroup Global Markets Inc. c / o 388 Greenwich Street, New York, New York, 10013, phone: 1-646-291-1469 or Deutsche Bank Securities Inc. 60 Wall Street, 2nd Floor, New York, New York 10005 , Attention: Equity Capital Markets – Syndicate Desk, with a copy to Deutsche Bank Securities Inc. 60 Wall Street, 36th Floor, New York, New York 10005, Attention: General Counsel, Fax: +1 (646) 374-1071.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements” including, but not limited to, the IPO and the anticipated use of the net proceeds therefrom. No assurance can be given that the offer described above will be concluded on the terms described or at all, or that the net proceeds of the offer will be used as stated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the company, including those set out 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 at www.sec.gov available. The company undertakes no obligation to update these statements with revisions or changes after the date of this announcement, except as required by law.
Investoren Kontakt: Stefan Krause Levere Holdings Corp [email protected]
Giacomo Ciampolini Citigroup Global Markets [email protected]
Inigo de Areilza Deutsche Bank Securities Inc [email protected]
Medien Kontakt: Daniel Yunger Kekst CNC [email protected] +1 212 521 4800
Original content by: Levere Holdings Corp., transmitted by news aktuell
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