LAS VEGAS, Feb. 2, 2021 /PRNewswire/ — Gaming & Hospitality Acquisition Corp. (the “Firm“) introduced in the present day that it priced its preliminary public providing of 17,500,000 models at $10.00 per unit.
The models have been authorized for itemizing on the Nasdaq Capital Market (“Nasdaq“) underneath the image “GHACU” and are anticipated to start buying and selling on Nasdaq on February 3, 2021. Every unit consists of 1 share of the Firm’s Class A standard inventory and one-third of 1 redeemable warrant, with every entire warrant entitling the holder thereof to buy one share of the Firm’s Class A standard inventory at a worth of $11.50 per share, topic to adjustment. Solely entire warrants are exercisable. As soon as the securities constituting the models start separate buying and selling, the Class A standard inventory and the warrants are anticipated to be listed on Nasdaq underneath the symbols “GHAC” and “GHACW,” respectively.
The providing is predicted to shut on February 5, 2021, topic to customary closing situations.
The Firm is a clean test firm shaped for the aim of effecting a merger, capital inventory trade, asset acquisition, inventory buy, reorganization or related enterprise mixture with a number of companies. Whereas the Firm could pursue an acquisition alternative in any business or sector, the Firm intends to give attention to acquisition alternatives within the gaming and hospitality sectors.
Deutsche Financial institution Securities Inc. (“Deutsche Financial institution“) is performing as the only book-running supervisor and underwriter of the providing. The Firm has granted Deutsche Financial institution a 45-day choice to buy as much as a further 2,500,000 models to cowl over-allotments, if any.
The providing is being made solely via a prospectus. Copies of the preliminary prospectus regarding the providing and the ultimate prospectus, when obtainable, could also be obtained from Deutsche Financial institution at Deutsche Financial institution Securities Inc., Attn: Prospectus Division, 60 Wall Avenue, New York, New York 10005, phone: 800-503-4611 or e-mail: [email protected].
A registration assertion regarding the securities grew to become efficient on February 2, 2021. This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of those securities in any state or jurisdiction through which such a proposal, solicitation or sale can be illegal previous to registration or qualification underneath the securities legal guidelines of any such state or jurisdiction.
This press launch incorporates statements that represent “forward-looking statements,” together with with respect to the preliminary public providing and the Firm’s plans with respect to the goal business for a possible enterprise mixture. No assurance may be provided that the providing mentioned above can be accomplished on the phrases described, or in any respect, or that the Firm will finally full a enterprise mixture transaction. Ahead-looking statements are topic to quite a few situations, lots of that are past the management of the Firm, together with these set forth within the Threat Components part of the Firm’s registration assertion and preliminary prospectus for the providing filed with the Securities and Change Fee (“SEC“). Copies of those paperwork can be found on the SEC’s web site, www.sec.gov. The Firm undertakes no obligation to replace these statements for revisions or adjustments after the date of this launch, besides as required by regulation.
Jonathan Keehner / Kate Thompson / Julia Sottosanti
Joele Frank, Wilkinson Brimmer Katcher
SOURCE Gaming & Hospitality Acquisition Corp.