{"id":395975,"date":"2020-12-08T19:49:09","date_gmt":"2020-12-09T00:49:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=395975"},"modified":"2020-12-08T19:49:09","modified_gmt":"2020-12-09T00:49:09","slug":"nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\/","title":{"rendered":"Nebula Caravel Acquisition Corporation, Sponsored by True Wind Capital, Announces Pricing of $250,000,000 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\">SAN FRANCISCO<\/span>, <span class=\"xn-chron\">Dec. 8, 2020<\/span> \/PRNewswire\/ &#8212; Nebula Caravel Acquisition Corp. (the &#8220;Company&#8221;) today announced the pricing of its initial public offering of 25,000,000 units at <span class=\"xn-money\">$10.00<\/span> per unit. The units will be listed on the Nasdaq Stock Market and trade under the ticker symbol &#8220;NEBCU&#8221; beginning <span class=\"xn-chron\">Wednesday, December 9, 2020<\/span>. <\/p>\n<p>Each unit consists of one share of the Company&#8217;s Class A common stock and one-fifth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of the Company&#8217;s Class A common stock 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 common stock and warrants are expected to be listed on the Nasdaq Stock Market under the symbols &#8220;NEBC&#8221; and &#8220;NEBCW,&#8221; respectively. The initial public offering is expected to close on <span class=\"xn-chron\">Friday, December 11, 2020<\/span>, subject to customary closing conditions. <\/p>\n<p>In connection with the initial public offering, the Company has entered into forward purchase agreements with several institutional accredited investors, including True Wind Capital (&#8220;True Wind&#8221;) and its affiliated funds and vehicles, that will provide for the aggregate purchase of at least <span class=\"xn-money\">$100,000,000<\/span> of Class A common stock at <span class=\"xn-money\">$10.00<\/span> per share. Any such purchases will take place in a private placement that will close concurrently with the closing of the Company&#8217;s initial business combination. <\/p>\n<p>The Company, which is sponsored by True Wind and is led by <span class=\"xn-person\">Adam H. Clammer<\/span> and <span class=\"xn-person\">James H. Greene, Jr.<\/span>, who will serve as Chief Executive Officer and Chairman, respectively, is a newly organized 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. <\/p>\n<p>Deutsche Bank Securities Inc., <span class=\"xn-person\">William Blair<\/span> &amp; Company, L.L.C., and Stifel, Nicolaus &amp; Company, Incorporated are acting as book-running managers; Academy Securities, Inc., <span class=\"xn-person\">Blaylock Van<\/span>, LLC, Loop Capital Markets LLC, Roberts &amp; Ryan Investments, Inc., and Tigress Financial Partners LLC are acting as co-managers. The Company has granted the underwriters a 45-day option to purchase up to 3,750,000 additional units at the initial public offering price to cover over-allotments, if any.\u00a0 <\/p>\n<p>The initial public offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from Deutsche Bank Securities Inc., Attn: Prospectus Department, 60 Wall Street, <span class=\"xn-location\">New York, New York<\/span> 10005, telephone: 800-503-4611 or email: <a href=\"mailto:prospectus.cpdg@db.com\" rel=\"nofollow\">prospectus.cpdg@db.com<\/a>, <span class=\"xn-person\">William Blair<\/span> &amp; Company, L.L.C., Attn: Prospectus Department, 150 North Riverside Plaza, <span class=\"xn-location\">Chicago, Illinois<\/span> 60606, telephone: 800-621-0687 or email: <a href=\"mailto:prospectus@williamblair.com\" rel=\"nofollow\">prospectus@williamblair.com<\/a>, or Stifel, Nicolaus &amp; Company, Incorporated, Attention: Prospectus Department, <span class=\"xn-person\">One Montgomery Street<\/span>, Suite 3700, <span class=\"xn-location\">San Francisco, CA<\/span> 94104, by telephone at +1(415) 364-2720 or by email at <a href=\"mailto:syndprospectus@stifel.com.\u00a0\" rel=\"nofollow\">syndprospectus@stifel.com.\u00a0<\/a><\/p>\n<p>A registration statement relating to the securities sold in the initial public offering has been filed with, and declared effective by, the Securities and Exchange Commission (&#8220;SEC&#8221;) on <span class=\"xn-chron\">Tuesday, December 8, 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.\u00a0The securities to be sold in the private placement have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in <span class=\"xn-location\">the United States<\/span> absent registration or an applicable exemption from the registration requirements of such Act and applicable state securities laws. <\/p>\n<p>\n        <b>Cautionary Note Concerning Forward-Looking Statements\u00a0 <\/b>\n      <\/p>\n<p>This press release contains statements that constitute &#8220;forward-looking statements,&#8221; including with respect to the initial public offering and the anticipated use of the net proceeds thereof. No assurance can be given that the funding of the forward purchase agreements will occur or that the net proceeds of the\u00a0offering or forward purchase agreements 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 SEC. 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>\n        <b>About the Company <\/b>\n      <\/p>\n<p>The Company is a newly organized blank check company sponsored by True Wind Capital, a <span class=\"xn-location\">San Francisco<\/span>-based, technology-focused private equity firm. Mr. Clammer and Mr. Greene are the founding partners of True Wind. <\/p>\n<p>CONTACT: <br \/><span class=\"xn-person\">Stephanie Portillo<\/span><br \/>True Wind Capital <br \/><a target=\"_blank\" href=\"mailto:press@truewindcapital.com\" rel=\"nofollow noopener noreferrer\">press@truewindcapital.com<\/a><\/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=SF17843&amp;sd=2020-12-08\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250-000-000-initial-public-offering-301188947.html\">http:\/\/www.prnewswire.com\/news-releases\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250-000-000-initial-public-offering-301188947.html<\/a><\/p>\n<p>SOURCE  True Wind Capital<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF17843&amp;Transmission_Id=202012081945PR_NEWS_USPR_____SF17843&amp;DateId=20201208\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SAN FRANCISCO, Dec. 8, 2020 \/PRNewswire\/ &#8212; Nebula Caravel Acquisition Corp. (the &#8220;Company&#8221;) today announced the pricing of its initial public offering of 25,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Stock Market and trade under the ticker symbol &#8220;NEBCU&#8221; beginning Wednesday, December 9, 2020. Each unit consists of one share of the Company&#8217;s Class A common stock and one-fifth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of the Company&#8217;s Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nebula Caravel Acquisition Corporation, Sponsored by True Wind Capital, Announces Pricing of $250,000,000 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-395975","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nebula Caravel Acquisition Corporation, Sponsored by True Wind Capital, Announces Pricing of $250,000,000 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\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nebula Caravel Acquisition Corporation, Sponsored by True Wind Capital, Announces Pricing of $250,000,000 Initial Public Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN FRANCISCO, Dec. 8, 2020 \/PRNewswire\/ &#8212; Nebula Caravel Acquisition Corp. (the &#8220;Company&#8221;) today announced the pricing of its initial public offering of 25,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Stock Market and trade under the ticker symbol &#8220;NEBCU&#8221; beginning Wednesday, December 9, 2020. Each unit consists of one share of the Company&#8217;s Class A common stock and one-fifth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of the Company&#8217;s Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the &hellip; Continue reading &quot;Nebula Caravel Acquisition Corporation, Sponsored by True Wind Capital, Announces Pricing of $250,000,000 Initial Public Offering&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-09T00:49:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF17843&amp;sd=2020-12-08\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Nebula Caravel Acquisition Corporation, Sponsored by True Wind Capital, Announces Pricing of $250,000,000 Initial Public Offering\",\"datePublished\":\"2020-12-09T00:49:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\\\/\"},\"wordCount\":795,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=SF17843&amp;sd=2020-12-08\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\\\/\",\"name\":\"Nebula Caravel Acquisition Corporation, Sponsored by True Wind Capital, Announces Pricing of $250,000,000 Initial Public Offering - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\/","og_locale":"en_US","og_type":"article","og_title":"Nebula Caravel Acquisition Corporation, Sponsored by True Wind Capital, Announces Pricing of $250,000,000 Initial Public Offering - Market Newsdesk","og_description":"PR Newswire SAN FRANCISCO, Dec. 8, 2020 \/PRNewswire\/ &#8212; Nebula Caravel Acquisition Corp. (the &#8220;Company&#8221;) today announced the pricing of its initial public offering of 25,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Stock Market and trade under the ticker symbol &#8220;NEBCU&#8221; beginning Wednesday, December 9, 2020. Each unit consists of one share of the Company&#8217;s Class A common stock and one-fifth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of the Company&#8217;s Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the &hellip; Continue reading \"Nebula Caravel Acquisition Corporation, Sponsored by True Wind Capital, Announces Pricing of $250,000,000 Initial Public Offering\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-09T00:49:09+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF17843&amp;sd=2020-12-08","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Nebula Caravel Acquisition Corporation, Sponsored by True Wind Capital, Announces Pricing of $250,000,000 Initial Public Offering","datePublished":"2020-12-09T00:49:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\/"},"wordCount":795,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF17843&amp;sd=2020-12-08","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nebula-caravel-acquisition-corporation-sponsored-by-true-wind-capital-announces-pricing-of-250000000-initial-public-offering\/","name":"Nebula Caravel Acquisition Corporation, Sponsored by True Wind Capital, Announces Pricing of $250,000,000 Initial Public Offering - 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