HOUSTON – (BUSINESS WIRE) – October 18, 2021–
SportsMap Tech Acquisition Corp. (NASDAQ: SMAPU) (the “Company”) announced today that it has priced its initial public offering of 10,000,000 units at a public price of $ 10.00 per unity. The units are expected to begin trading on October 19, 2021 on the Nasdaq Global Market under the symbol âSMAPUâ.
Each unit consists of one common share and three-quarters of a redeemable warrant. Each entire warrant entitles its holder to purchase one common share at a price of $ 11.50 per share. Once the securities comprising the Units begin to trade separately, the Common Shares and the Warrants are expected to trade on the Nasdaq Global Market under the symbols âSMAPâ and âSMAPWâ, respectively.
Roth Capital Partners and Craig-Hallum Capital Group act as co-book managers for the offering. The underwriters have been given a 45-day option to purchase up to 1,500,000 additional units offered by the Company to cover over-allotments, if any. Maxim Group LLC is acting as a qualified independent underwriter for the offering. The offer is expected to close on or around October 21, 2021, subject to customary closing conditions.
A registration statement relating to the securities was declared effective by the Securities and Exchange Commission (âSECâ) on October 18, 2021. The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Roth Capital Partners, LLC at 888 San Clemente, Newport Beach, CA 92660, attention: Prospectus Department, telephone: 800-678- 9147, or from Craig-Hallum Capital Group LLC at 222 South Ninth Street, Suite 350, Minneapolis, MN 55402, Attn .: Equity Capital Markets, phone: 612-334-6300 or by email at prospectus @ chlm.com.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About SportsMap Tech Acquisition Corp.
SportsMap Tech Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or any other similar business combination with one or more companies or entities. The Company may pursue a business combination opportunity in any business or industry of its choice.
This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. These forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from forward-looking statements, including those set forth in the risk factors section of the prospectus used in connection with the initial public offering. savings of the Company. No guarantee can be given that the offer discussed above will be completed under the conditions described, or at all, or that the net proceeds of the offer will be used as indicated. The Company expressly disclaims any obligation or commitment to publicly release any update or revision to any forward-looking statement contained herein to reflect any change in the Company’s expectations in this regard or any change in events, conditions or circumstances on on which a statement is based, unless required by law.
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CONTACT: David Gow
KEYWORD: TEXAS UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: AUDIO / VIDEO TECHNOLOGY GENERAL SPORTS ENTERTAINMENT FINANCE GENERAL ENTERTAINMENT PROFESSIONAL SERVICES SPORTS EDITION PUBLIC RELATIONS / INVESTOR RELATIONS MARKETING SOFTWARE COMMUNICATION HARDWARE
SOURCE: SportsMap Tech Acquisition Corp.
Copyright Business Wire 2021.
PUB: 10/18/2021 19:04 / DISC: 10/18/2021 19:04
Copyright Business Wire 2021.