{"id":401446,"date":"2020-12-16T19:15:09","date_gmt":"2020-12-17T00:15:09","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=401446"},"modified":"2020-12-16T19:15:09","modified_gmt":"2020-12-17T00:15:09","slug":"corner-growth-acquisition-corp-announces-pricing-of-upsized-350-million-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/corner-growth-acquisition-corp-announces-pricing-of-upsized-350-million-initial-public-offering\/","title":{"rendered":"Corner Growth Acquisition Corp. Announces Pricing of Upsized $350 Million Initial Public Offering"},"content":{"rendered":"

<\/p>\n

Corner Growth Acquisition Corp. Announces Pricing of Upsized $350 Million Initial Public Offering<\/b><\/p>\n

PALO ALTO, Calif.–(BUSINESS WIRE<\/a>)–
\nCorner Growth Acquisition Corp. (the \u201cCompany\u201d), a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its upsized initial public offering of 35,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Stock Market LLC and trade under the ticker symbol \u201cCOOLU\u201d beginning December 17, 2020. Each unit consists of one Class A ordinary share of the Company and one-third 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 securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on The Nasdaq Stock Market LLC under the symbols \u201cCOOL\u201d and \u201cCOOLW\u201d respectively.\n<\/p>\n

\nLed by Co-Chairman John Cadeddu, Co-Chairman and Chief Executive Officer Marvin Tien and a team of venture capital investors, the Company expects to focus on the technology industry in the United States and other developed countries.\n<\/p>\n

\nCantor Fitzgerald & Co. is serving as sole book-running manager for this offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 5,250,000 units at the initial public offering price to cover over-allotments, if any.\n<\/p>\n

\nThe offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Cantor Fitzgerald & Co., Attn: Capital Markets, 499 Park Avenue, 5th Floor, New York, New York, 10022; Email: prospectus@cantor.com<\/a>.\n<\/p>\n

\nThe registration statement relating to the securities became effective on December 16, 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 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

\nThe offering is expected to close on December 21, 2020, subject to customary closing conditions.\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 and preliminary prospectus for the Company\u2019s offering filed with the Securities and Exchange Commission (\u201cSEC\u201d). 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\/20201216006046\/en\/<\/a><\/span><\/p>\n

Company Contact:
\n<\/b>
Kevin Tanaka
\n
Director of Corporate Development
\n
Corner Growth Acquisition Corp.
\n
kevin@cornercapitalgroup.com
\n<\/a><\/p>\n

Media Contact:
\n<\/b>
Brian Ruby
\n
ICR
\n
Brian.ruby@icrinc.com<\/a><\/p>\n

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

INDUSTRY KEYWORDS:<\/b> Consulting Banking Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Corner Growth Acquisition Corp. Announces Pricing of Upsized $350 Million Initial Public Offering PALO ALTO, Calif.–(BUSINESS WIRE)– Corner Growth Acquisition Corp. (the \u201cCompany\u201d), a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its upsized initial public offering of 35,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Stock Market LLC and trade under the ticker symbol \u201cCOOLU\u201d beginning December 17, 2020. Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to … <\/p>\n

Continue reading “Corner Growth Acquisition Corp. Announces Pricing of Upsized $350 Million 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-401446","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCorner Growth Acquisition Corp. 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