{"id":392294,"date":"2020-12-02T21:19:47","date_gmt":"2020-12-03T02:19:47","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392294"},"modified":"2020-12-02T21:19:47","modified_gmt":"2020-12-03T02:19:47","slug":"jaws-spitfire-acquisition-corporation-announces-pricing-of-upsized-300-million-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/jaws-spitfire-acquisition-corporation-announces-pricing-of-upsized-300-million-initial-public-offering\/","title":{"rendered":"Jaws Spitfire Acquisition Corporation Announces Pricing of Upsized $300 Million Initial Public Offering"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">MIAMI BEACH, Fla.<\/span>, <span class=\"xn-chron\">Dec. 2, 2020<\/span> \/PRNewswire\/ &#8212; Jaws Spitfire Acquisition Corporation (the &#8220;Company&#8221;), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, today announced the pricing of its initial public offering of 30,000,000 units at a price of <span class=\"xn-money\">$10.00<\/span> per unit. The units will be listed on the New York Stock Exchange and trade under the ticker symbol &#8220;SPFR.U&#8221; beginning <span class=\"xn-chron\">December 3, 2020<\/span>. Each unit consists of one Class A ordinary share of the Company and one-fourth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of <span class=\"xn-money\">$11.50<\/span> per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the New York Stock Exchange under the symbols &#8220;SPFR&#8221; and &#8220;SPFR WS,&#8221; respectively.<\/p>\n<p>Led by Chairman <span class=\"xn-person\">Barry S. Sternlicht<\/span> and Chief Executive Officer <span class=\"xn-person\">Matthew Walters<\/span>, Jaws Spitfire Acquisition Corporation expects to focus on consumer technology and related technology businesses with attractive growth-oriented characteristics and strong underlying demand drivers and with all or a substantial portion of activities in <span class=\"xn-location\">North America<\/span> and\/or <span class=\"xn-location\">Europe<\/span>.<\/p>\n<p>Credit Suisse Securities (<span class=\"xn-location\">USA<\/span>) LLC is serving as sole book-running manager for this offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 4,500,000 units at the initial public offering price to cover over-allotments, if any.<\/p>\n<p>The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Credit Suisse Securities (<span class=\"xn-location\">USA<\/span>) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, <span class=\"xn-location\">Morrisville, NC<\/span> 27560, Telephone: 1-800-221-1037, email: <a href=\"mailto:usa.prospectus@credit-suisse.com\" rel=\"nofollow\">usa.prospectus@credit-suisse.com<\/a>. <\/p>\n<p>Registration statements relating to the securities became effective on <span class=\"xn-chron\">December 2, 2020<\/span>. 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.<\/p>\n<p>The offering is expected to close on <span class=\"xn-chron\">December 7, 2020<\/span>, subject to customary closing conditions.<\/p>\n<p>\n        <b>Cautionary Note Concerning Forward-Looking Statements<\/b>\n      <\/p>\n<p>This press release contains statements that constitute &#8220;forward-looking statements,&#8221; 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&#8217;s registration statement and preliminary prospectus for the Company&#8217;s offering filed with the Securities and Exchange Commission (&#8220;SEC&#8221;). Copies are available on the SEC&#8217;s website, <a href=\"http:\/\/www.sec.gov\" rel=\"nofollow\">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.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY10014&amp;sd=2020-12-02\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/jaws-spitfire-acquisition-corporation-announces-pricing-of-upsized-300-million-initial-public-offering-301185274.html\">http:\/\/www.prnewswire.com\/news-releases\/jaws-spitfire-acquisition-corporation-announces-pricing-of-upsized-300-million-initial-public-offering-301185274.html<\/a><\/p>\n<p>SOURCE  Jaws Spitfire Acquisition Corporation<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY10014&amp;Transmission_Id=202012022116PR_NEWS_USPR_____NY10014&amp;DateId=20201202\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire MIAMI BEACH, Fla., Dec. 2, 2020 \/PRNewswire\/ &#8212; Jaws Spitfire Acquisition Corporation (the &#8220;Company&#8221;), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, today announced the pricing of its initial public offering of 30,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange and trade under the ticker symbol &#8220;SPFR.U&#8221; beginning December 3, 2020. Each unit consists of one Class A ordinary share of the Company and one-fourth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/jaws-spitfire-acquisition-corporation-announces-pricing-of-upsized-300-million-initial-public-offering\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Jaws Spitfire Acquisition Corporation Announces Pricing of Upsized $300 Million 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-392294","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>Jaws Spitfire Acquisition Corporation Announces Pricing of Upsized $300 Million 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\/jaws-spitfire-acquisition-corporation-announces-pricing-of-upsized-300-million-initial-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jaws Spitfire Acquisition Corporation Announces Pricing of Upsized $300 Million Initial Public Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire MIAMI BEACH, Fla., Dec. 2, 2020 \/PRNewswire\/ &#8212; Jaws Spitfire Acquisition Corporation (the &#8220;Company&#8221;), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, today announced the pricing of its initial public offering of 30,000,000 units at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange and trade under the ticker symbol &#8220;SPFR.U&#8221; beginning December 3, 2020. Each unit consists of one Class A ordinary share of the Company and one-fourth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. 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The units will be listed on the New York Stock Exchange and trade under the ticker symbol &#8220;SPFR.U&#8221; beginning December 3, 2020. Each unit consists of one Class A ordinary share of the Company and one-fourth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. 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