{"id":538278,"date":"2021-09-14T19:03:07","date_gmt":"2021-09-14T23:03:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/endurance-acquisition-corp-announces-pricing-of-200000000-initial-public-offering\/"},"modified":"2021-09-14T19:03:07","modified_gmt":"2021-09-14T23:03:07","slug":"endurance-acquisition-corp-announces-pricing-of-200000000-initial-public-offering","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/endurance-acquisition-corp-announces-pricing-of-200000000-initial-public-offering\/","title":{"rendered":"Endurance Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering"},"content":{"rendered":"

<\/p>\n

Endurance Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nEndurance Acquisition Corp. (the \u201cCompany\u201d) announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market and trade under the ticker symbol \u201cEDNCU\u201d beginning September 15, 2021. Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are expected to be listed on the Nasdaq Capital Market under the symbols \u201cEDNC\u201d and \u201cEDNCW,\u201d respectively.\n<\/p>\n

\nEndurance Acquisition Corp. is a blank check company, incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets. The Company intends to focus its search for a target business operating in data infrastructure and analytics, with a primary focus on space and wireless industries and related technology and services, or \u201cspace-based tech\u201d businesses. These businesses can be found across the platforms and sensors, mobile communications, Internet of Things and artificial intelligence and big data analytics sectors.\n<\/p>\n

\nCantor Fitzgerald & Co is acting as sole book-running manager for the offering. Truist Securities is acting as lead manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,000,000 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 September 14, 2021. 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

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, the anticipated use of the net proceeds, its approach to and the types of businesses the Company will focus on in its search to identify a target it its initial business combination. 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 \u201cRisk Factors\u201d section of the Company\u2019s preliminary prospectus relating to the offering filed with the U.S. Securities and Exchange Commission (the \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

About Endurance Acquisition Corp.<\/b><\/p>\n

\nEndurance Acquisition Corp. is a blank check company, incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or assets. The Company intends to focus its search for a target business operating in data infrastructure and analytics, with a primary focus on space and wireless industries and related technology and services, or \u201cspace-based tech\u201d businesses. The Company plans to leverage its management team\u2019s, directors\u2019, advisors\u2019 and sponsor\u2019s extensive experience across its target sectors to seek to identify attractive initial business combination opportunities.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210914006212\/en\/<\/a><\/span><\/p>\n

Investor Contact:
\n<\/b>
Endurance Acquisition Corp.
\n
info@enduranceacquisition.com<\/a><\/p>\n

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

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

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

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

Endurance Acquisition Corp. Announces Pricing of $200,000,000 Initial Public Offering NEW YORK–(BUSINESS WIRE)– Endurance Acquisition Corp. (the \u201cCompany\u201d) announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market and trade under the ticker symbol \u201cEDNCU\u201d beginning September 15, 2021. Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are … <\/p>\n

Continue reading “Endurance Acquisition Corp. Announces Pricing of $200,000,000 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-538278","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nEndurance Acquisition Corp. Announces Pricing of $200,000,000 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\/endurance-acquisition-corp-announces-pricing-of-200000000-initial-public-offering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Endurance Acquisition Corp. 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