UTA Acquisition Corporation Announces Closing of $ 230 Million Initial Public Offering | Business and finance


LOS ANGELES – (BUSINESS WIRE) – December 6, 2021–

UTA Acquisition Corporation (the “Company”), a special purpose acquisition company targeting companies in the gaming, digital media, creative economy, entertainment and technology industries, today announced the closing of its initial public offering of 23,000,000 units at a price of $ 10.00 per unit. The units are listed on the Nasdaq Global Market (“Nasdaq”) and began trading under the symbol “UTAAU” on December 2, 2021. Each unit consists of one Class A common share and one half warrant. subscription, with each entire warrant exercisable to purchase one Class A common share at a price of $ 11.50 per share. Once the securities comprising the Units begin to trade separately, the Class A common shares and the warrants are expected to be listed on Nasdaq under the symbols “UTAA” and “UTAAW”, respectively.

The Company is a blank check company whose business object is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with a or several companies. While the Company may pursue an initial goal of business combination in any industry or sector, it intends to identify and complete a business transaction with a company operating in the gaming, digital media sectors. , the economy of creators, entertainment and technology.

Credit Suisse Securities (USA) LLC is acting as the sole accounting manager of the offering.

The offer is being made only by means of a prospectus. Copies of the prospectus may be obtained from Credit Suisse Securities (USA) LLC attn: Credit Suisse Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, or by telephone at 1 (800) 221-1037 or by e-mail in the United States. [email protected] A registration statement relating to these securities was declared effective by the United States Securities and Exchange Commission (the “SEC”) on December 1, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to purchase, nor will there be any sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of that state or jurisdiction.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements”, particularly with respect to the proposed initial public offering and the search for an initial business combination. No guarantee can be given that the product offered will be used as directed. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and prospectus for the initial public offering. filed with the SEC. Copies of these documents are available on the SEC website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: ENTERTAINMENT OTHER ENTERTAINMENT GENERAL ENTERTAINMENT ONLINE MOBILE ENTERTAINMENT ELECTRONIC GAMES

SOURCE: Acquisition company UTA

Copyright Business Wire 2021.

PUB: 12/06/2021 4:05 PM / DISC: 12/06/2021 4:06 PM

Copyright Business Wire 2021.


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