{"id":386377,"date":"2020-11-22T18:03:10","date_gmt":"2020-11-22T23:03:10","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386377"},"modified":"2020-11-22T18:03:10","modified_gmt":"2020-11-22T23:03:10","slug":"better-world-acquisition-corp-announces-closing-of-underwriters-option-to-purchase-additional-units-in-connection-with-its-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/better-world-acquisition-corp-announces-closing-of-underwriters-option-to-purchase-additional-units-in-connection-with-its-initial-public-offering\/","title":{"rendered":"Better World Acquisition Corp. Announces Closing of Underwriters\u2019 Option to Purchase Additional Units in Connection with its Initial Public Offering"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Better World Acquisition Corp. Announces Closing of Underwriters\u2019 Option to Purchase Additional Units in Connection with its Initial Public Offering<\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nBetter World Acquisition Corp. (the \u201cCompany\u201d) announced today that on November 19, 2020, it closed the issuance of an additional 1,618,600 units pursuant to the exercise of the underwriters\u2019 option to purchase additional units in connection with its initial public offering at $10.00 per unit, resulting in gross proceeds of $16,186,000 and bringing the total gross proceeds of the initial public offering to $126,186,000.\n<\/p>\n<p>\nThe Company\u2019s units commenced trading on the Nasdaq Capital Market (\u201cNasdaq\u201d) under the ticker symbol \u201cBWACU\u201d on November 13, 2020. Each unit consists of one share of the Company\u2019s common stock and one redeemable warrant, each warrant entitling the holder thereof to purchase one share of common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the shares of common stock and warrants are expected to be listed on Nasdaq under the symbols \u201cBWAC\u201d and \u201cBWACW,\u201d respectively.\n<\/p>\n<p>\nThe Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition in any business industry or sector, it intends to concentrate its efforts on identifying businesses in the healthy living industries that benefit from strong Environmental, Social and Governance (\u201cESG\u201d) profiles. The Company is led by Chief Executive Officer Rosemary L. Ripley and Chief Financial Officer Peter S.H. Grubstein.\n<\/p>\n<p>\nEarlyBirdCapital, Inc. acted as sole book-running manager of the offering and I-Bankers Securities, Inc. acted as co-manager of the offering.\n<\/p>\n<p>\nOf the proceeds received from the consummation of the offering (as well as the exercise of the option to purchase additional units) and a simultaneous private placement of warrants, $127.4 million (or $10.10 per unit sold in the offering) was placed in the Company\u2019s trust account. An audited balance sheet of the Company as of November 17, 2020 reflecting receipt of the proceeds upon consummation of the offering and the private placement (but not including the closing of the additional units described herein) will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission (the \u201cSEC\u201d).\n<\/p>\n<p>\nThe offering was made only by means of a prospectus. Copies of the final prospectus relating to the offering may be obtained from EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, New York 10017.\n<\/p>\n<p>\nRegistration statements relating to these securities were filed with, and declared effective by, the SEC on November 12, 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.\n<\/p>\n<p><b>FORWARD-LOOKING STATEMENTS<\/b><\/p>\n<p>\nThis press release contains statements that constitute \u201cforward-looking statements,\u201d including with respect to the initial public offering and the search for an initial business combination. 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\u2019s final prospectus for the offering filed with the SEC. Copies are available on the SEC\u2019s website, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=52334361&amp;newsitemid=20201122005079&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=0b9ef77e17d8500aaee677e554e8ddde\">www.sec.gov<\/a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201122005079r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201122005079\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201122005079\/en\/<\/a><\/span><\/p>\n<p><b>Investor Contact<br \/>\n<\/b><br \/>Peter S.H. Grubstein<br \/>\n<br \/>Chief Financial Officer<br \/>\n<br \/>Better World Acquisition Corp.<br \/>\n<br \/>(212) 450-9700\n<\/p>\n<p><b>Media Contact<br \/>\n<\/b><br \/>Nadia Damouni<br \/>\n<br \/>646-818-9217<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:ndamouni@prosek.com\">ndamouni@prosek.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Better World Acquisition Corp. Announces Closing of Underwriters\u2019 Option to Purchase Additional Units in Connection with its Initial Public Offering NEW YORK&#8211;(BUSINESS WIRE)&#8211; Better World Acquisition Corp. (the \u201cCompany\u201d) announced today that on November 19, 2020, it closed the issuance of an additional 1,618,600 units pursuant to the exercise of the underwriters\u2019 option to purchase additional units in connection with its initial public offering at $10.00 per unit, resulting in gross proceeds of $16,186,000 and bringing the total gross proceeds of the initial public offering to $126,186,000. The Company\u2019s units commenced trading on the Nasdaq Capital Market (\u201cNasdaq\u201d) under the ticker symbol \u201cBWACU\u201d on November 13, 2020. Each unit consists of one share of the Company\u2019s common stock and one &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/better-world-acquisition-corp-announces-closing-of-underwriters-option-to-purchase-additional-units-in-connection-with-its-initial-public-offering\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Better World Acquisition Corp. Announces Closing of Underwriters\u2019 Option to Purchase Additional Units in Connection with its Initial Public Offering&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-386377","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Better World Acquisition Corp. Announces Closing of Underwriters\u2019 Option to Purchase Additional Units in Connection with its Initial Public Offering - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/better-world-acquisition-corp-announces-closing-of-underwriters-option-to-purchase-additional-units-in-connection-with-its-initial-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Better World Acquisition Corp. Announces Closing of Underwriters\u2019 Option to Purchase Additional Units in Connection with its Initial Public Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Better World Acquisition Corp. Announces Closing of Underwriters\u2019 Option to Purchase Additional Units in Connection with its Initial Public Offering NEW YORK&#8211;(BUSINESS WIRE)&#8211; Better World Acquisition Corp. (the \u201cCompany\u201d) announced today that on November 19, 2020, it closed the issuance of an additional 1,618,600 units pursuant to the exercise of the underwriters\u2019 option to purchase additional units in connection with its initial public offering at $10.00 per unit, resulting in gross proceeds of $16,186,000 and bringing the total gross proceeds of the initial public offering to $126,186,000. The Company\u2019s units commenced trading on the Nasdaq Capital Market (\u201cNasdaq\u201d) under the ticker symbol \u201cBWACU\u201d on November 13, 2020. Each unit consists of one share of the Company\u2019s common stock and one &hellip; Continue reading &quot;Better World Acquisition Corp. 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(the \u201cCompany\u201d) announced today that on November 19, 2020, it closed the issuance of an additional 1,618,600 units pursuant to the exercise of the underwriters\u2019 option to purchase additional units in connection with its initial public offering at $10.00 per unit, resulting in gross proceeds of $16,186,000 and bringing the total gross proceeds of the initial public offering to $126,186,000. The Company\u2019s units commenced trading on the Nasdaq Capital Market (\u201cNasdaq\u201d) under the ticker symbol \u201cBWACU\u201d on November 13, 2020. Each unit consists of one share of the Company\u2019s common stock and one &hellip; Continue reading \"Better World Acquisition Corp. 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