{"id":505247,"date":"2021-06-21T16:04:12","date_gmt":"2021-06-21T20:04:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/corner-growth-acquisition-corp-2-announces-closing-of-185-million-initial-public-offering\/"},"modified":"2021-06-21T16:04:12","modified_gmt":"2021-06-21T20:04:12","slug":"corner-growth-acquisition-corp-2-announces-closing-of-185-million-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/corner-growth-acquisition-corp-2-announces-closing-of-185-million-initial-public-offering\/","title":{"rendered":"Corner Growth Acquisition Corp. 2 Announces Closing of $185 Million Initial Public Offering"},"content":{"rendered":"

<\/p>\n

Corner Growth Acquisition Corp. 2 Announces Closing of $185 Million Initial Public Offering<\/b><\/p>\n

PALO ALTO, Calif.–(BUSINESS WIRE<\/a>)–
\nCorner Growth Acquisition Corp. 2 (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 closing of its initial public offering of 18,500,000 units at a price of $10.00 per unit, including an additional 1,000,000 units sold pursuant to the exercise of the underwriter\u2019s over-allotment option. Total gross proceeds from the offering were $185 million before deducting underwriting discounts and commissions and other offering expenses payable by the Company.\n<\/p>\n

\nThe units began trading on The Nasdaq Capital Market (the \u201cNasdaq\u201d) under the ticker symbol \u201cTRONU\u201d on June 17, 2021. 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 under the symbols \u201cTRON\u201d and \u201cTRONW\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. acted as sole book-running manager for the offering. The offering was made only by means of a prospectus. Copies of the final prospectus related to the offering 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

\nA registration statement relating to the securities became effective on June 16, 2021 in accordance with Section 8(a) of the Securities Act of 1933, as amended. 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

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 anticipated use of the net proceeds. No assurance can be given 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 final 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\/20210621005745\/en\/<\/a><\/span><\/p>\n

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

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

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

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

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

Corner Growth Acquisition Corp. 2 Announces Closing of $185 Million Initial Public Offering PALO ALTO, Calif.–(BUSINESS WIRE)– Corner Growth Acquisition Corp. 2 (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 closing of its initial public offering of 18,500,000 units at a price of $10.00 per unit, including an additional 1,000,000 units sold pursuant to the exercise of the underwriter\u2019s over-allotment option. Total gross proceeds from the offering were $185 million before deducting underwriting discounts and commissions and other offering expenses payable by the Company. The units began trading on The Nasdaq Capital Market (the … <\/p>\n

Continue reading “Corner Growth Acquisition Corp. 2 Announces Closing of $185 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-505247","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCorner Growth Acquisition Corp. 2 Announces Closing of $185 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\/corner-growth-acquisition-corp-2-announces-closing-of-185-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=\"Corner Growth Acquisition Corp. 2 Announces Closing of $185 Million Initial Public Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Corner Growth Acquisition Corp. 2 Announces Closing of $185 Million Initial Public Offering PALO ALTO, Calif.–(BUSINESS WIRE)– Corner Growth Acquisition Corp. 2 (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 closing of its initial public offering of 18,500,000 units at a price of $10.00 per unit, including an additional 1,000,000 units sold pursuant to the exercise of the underwriter\u2019s over-allotment option. Total gross proceeds from the offering were $185 million before deducting underwriting discounts and commissions and other offering expenses payable by the Company. 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