{"id":526345,"date":"2021-08-10T17:33:03","date_gmt":"2021-08-10T21:33:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/riverview-acquisition-corp-announces-closing-of-250-million-initial-public-offering\/"},"modified":"2021-08-10T17:33:03","modified_gmt":"2021-08-10T21:33:03","slug":"riverview-acquisition-corp-announces-closing-of-250-million-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/riverview-acquisition-corp-announces-closing-of-250-million-initial-public-offering\/","title":{"rendered":"Riverview Acquisition Corp. Announces Closing of $250 Million Initial Public Offering"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Riverview Acquisition Corp. Announces Closing of $250 Million Initial Public Offering<\/b><\/p>\n<p>MEMPHIS, Tenn.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nRiverview Acquisition Corp. (Nasdaq: RVACU) (the \u201cCompany\u201d), a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, announced today the closing of its previously announced initial public offering of 25,000,000 units. The units were sold at a price of $10.00 per unit. The Company\u2019s units began trading on August 6, 2021 on the Nasdaq Capital Market under the symbol \u201cRVACU\u201d. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant. Each whole warrant is exercisable to purchase one share of Class A common stock of the Company at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on the Nasdaq Capital Market under the ticker symbols \u201cRVAC\u201d and \u201cRVACW,\u201d respectively.\n<\/p>\n<p>\nWhile the Company may pursue an initial business combination target in any industry or geographic region, the Company intends to focus on combining with consumer-focused enterprises, including e-commerce, on the energy services and renewables sector and on the insurance and financial services sector. The Company\u2019s efforts will be focused on finding companies which we believe have significant growth prospects. The Company is led by R. Brad Martin, Chairman and Chief Executive Officer; Charles K. Slatery, President and Chief Investment Officer; and William V. Thompson III, Treasurer, Secretary and Chief Financial Officer.\n<\/p>\n<p>\nCantor Fitzgerald &amp; Co. acted as sole bookrunner for the offering, and Stephens Inc. acted as co-manager. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,750,000 units at the initial public offering price to cover over-allotments, if any.\n<\/p>\n<p>\nA registration statement relating to the securities was filed with, and declared effective by, the Securities and Exchange Commission (\u201cSEC\u201d) on August 5, 2021. The public offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from: Cantor Fitzgerald &amp; Co., Attention Capital Markets, 499 Park Avenue, New York, NY 10022, or by e-mail at <a rel=\"nofollow\" href=\"mailto:prospectus@cantor.com\">prospectus@cantor.com<\/a>.\n<\/p>\n<p>\nThis 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<p><b>About Riverview Acquisition Corp.<\/b><\/p>\n<p>\nRiverview Acquisition Corp. 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. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on consumer-focused enterprises, including e-commerce, on the energy services and renewables sector and on the insurance and financial services sector.\n<\/p>\n<p><b>FORWARD-LOOKING STATEMENTS<\/b><\/p>\n<p>\nThis press release contains statements that constitute \u201cforward-looking statements.\u201d Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the \u201cRisk Factors\u201d section of the Company&#8217;s registration statement filed with the SEC and the preliminary prospectus included therein. Copies of these documents are available on the SEC&#8217;s website, <span class=\"bwuline\"><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=52475061&amp;newsitemid=20210810006007&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=1&amp;md5=a84b6814e4802eb2dded8e569e5a4d58\">www.sec.gov<\/a><\/span>. 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><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210810006007r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210810006007\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210810006007\/en\/<\/a><\/span><\/p>\n<p><b>Media:<br \/>\n<\/b><br \/>Jason Chudoba \/ Megan Kivlehan<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Jason.chudoba@icrinc.com\">Jason.chudoba@icrinc.com<\/a> \/ <a rel=\"nofollow\" href=\"mailto:megan.kivlehan@icrinc.com\">megan.kivlehan@icrinc.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Tennessee<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Professional Services Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Riverview Acquisition Corp. Announces Closing of $250 Million Initial Public Offering MEMPHIS, Tenn.&#8211;(BUSINESS WIRE)&#8211; Riverview Acquisition Corp. (Nasdaq: RVACU) (the \u201cCompany\u201d), a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, announced today the closing of its previously announced initial public offering of 25,000,000 units. The units were sold at a price of $10.00 per unit. The Company\u2019s units began trading on August 6, 2021 on the Nasdaq Capital Market under the symbol \u201cRVACU\u201d. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant. Each whole warrant is exercisable to purchase one share of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/riverview-acquisition-corp-announces-closing-of-250-million-initial-public-offering\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Riverview Acquisition Corp. Announces Closing of $250 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-526345","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>Riverview Acquisition Corp. Announces Closing of $250 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\/riverview-acquisition-corp-announces-closing-of-250-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=\"Riverview Acquisition Corp. Announces Closing of $250 Million Initial Public Offering - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Riverview Acquisition Corp. Announces Closing of $250 Million Initial Public Offering MEMPHIS, Tenn.&#8211;(BUSINESS WIRE)&#8211; Riverview Acquisition Corp. (Nasdaq: RVACU) (the \u201cCompany\u201d), a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, announced today the closing of its previously announced initial public offering of 25,000,000 units. The units were sold at a price of $10.00 per unit. The Company\u2019s units began trading on August 6, 2021 on the Nasdaq Capital Market under the symbol \u201cRVACU\u201d. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant. Each whole warrant is exercisable to purchase one share of &hellip; Continue reading &quot;Riverview Acquisition Corp. 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