{"id":395841,"date":"2020-12-08T16:13:09","date_gmt":"2020-12-08T21:13:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=395841"},"modified":"2020-12-08T16:13:09","modified_gmt":"2020-12-08T21:13:09","slug":"cbre-acquisition-holdings-inc-announces-launch-of-its-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cbre-acquisition-holdings-inc-announces-launch-of-its-initial-public-offering\/","title":{"rendered":"CBRE Acquisition Holdings, Inc. Announces Launch of its Initial Public Offering"},"content":{"rendered":"

<\/p>\n

\nCBRE Acquisition Holdings, Inc. Announces Launch of its Initial Public Offering\n<\/p>\n

DALLAS–(BUSINESS WIRE<\/a>)–
\nCBRE Acquisition Holdings, Inc. today announced the launch of its initial public offering of 35,000,000 SAIL (Stakeholder Aligned Initial Listing) securities. The company has applied to have its SAIL securities approved for listing on the New York Stock Exchange under the symbol \u201cCBAH.U.\u201d Each SAIL security will consist of one share of the company\u2019s Class A common stock and one-fourth of one redeemable warrant.\n<\/p>\n

\nCBRE Acquisition Holdings, Inc. is a newly organized blank-check company formed by CBRE Acquisition Sponsor, LLC, a subsidiary of CBRE Group, Inc., for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or assets. CBRE Group, Inc. is a global commercial real estate services and investment firm.\n<\/p>\n

\nMorgan Stanley is serving as the underwriter for the offering. The company intends to grant the underwriter a 45-day option to purchase up to an additional 5,250,000 SAIL securities at the initial public offering price, less the underwriting discount, to cover over-allotments, if any.\n<\/p>\n

\nThe offering is being made only by means of a prospectus. Copies of the prospectus relating to this offering, when available, may be obtained for free by visiting EDGAR on the SEC\u2019s website at www.sec.gov<\/a>. Alternatively, copies of the prospectus, when available, may be obtained from Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.\n<\/p>\n

\nA registration statement on Form S-1, including a prospectus, which is preliminary and subject to completion, relating to these securities, has been filed with the Securities and Exchange Commission (\u201cSEC\u201d) but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release will not constitute an offer to sell or a solicitation of an offer to buy these securities, nor will 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.\n<\/p>\n

Cautionary Note Concerning Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains statements that constitute \u201cforward-looking statements,\u201d 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\u2019s registration statement on Form S-1 and preliminary prospectus for the company\u2019s offering filed with the SEC. Copies are available on the SEC\u2019s website, 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>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201208006089\/en\/<\/a><\/span><\/p>\n

\nCash Smith
\n
CBRE Acquisition Holdings, Inc.
\n
Cash.Smith@cbre.com<\/a><\/p>\n

\nSteven Iaco
\n
CBRE Corporate Communications
\n
Steven.Iaco@cbre.com<\/a><\/p>\n

\nKristyn Farahmand
\n
CBRE Investor Relations
\n
Kristyn.farahmand@cbre.com<\/a><\/p>\n

KEYWORDS:<\/b> Texas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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CBRE Acquisition Holdings, Inc. Announces Launch of its Initial Public Offering DALLAS–(BUSINESS WIRE)– CBRE Acquisition Holdings, Inc. today announced the launch of its initial public offering of 35,000,000 SAIL (Stakeholder Aligned Initial Listing) securities. The company has applied to have its SAIL securities approved for listing on the New York Stock Exchange under the symbol \u201cCBAH.U.\u201d Each SAIL security will consist of one share of the company\u2019s Class A common stock and one-fourth of one redeemable warrant. CBRE Acquisition Holdings, Inc. is a newly organized blank-check company formed by CBRE Acquisition Sponsor, LLC, a subsidiary of CBRE Group, Inc., for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with … <\/p>\n

Continue reading “CBRE Acquisition Holdings, Inc. Announces Launch of its Initial Public Offering”<\/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-395841","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCBRE Acquisition Holdings, Inc. Announces Launch of 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\/cbre-acquisition-holdings-inc-announces-launch-of-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=\"CBRE Acquisition Holdings, Inc. 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