Altimar Acquisition Corporation Announces Pricing of $250 Million Initial Public Offering
NEW YORK, Oct. 22, 2020 /PRNewswire/ -- Altimar Acquisition Corporation (the "Company"), a special purpose acquisition company, announced the pricing of its initial public offering of 25,000,000 units at a price of $10.00 per unit. The units will be listed on The New York Stock Exchange and trade under the ticker symbol "ATACU" beginning October 23, 2020. Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on The New York Stock Exchange under the symbols "ATAC" and "ATACW", respectively.
The Company is sponsored by Altimar Sponsor, LLC, an affiliate of HPS Investment Partners, LLC, and is led by Tom Wasserman as Chief Executive Officer and Chairman. The Company is a newly organized blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or business combination with one or more businesses.
Goldman Sachs & Co. LLC is serving as sole book-running manager for this offering. 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. The offering is expected to close on October 27, 2020, subject to customary closing conditions.
The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Goldman Sachs & Co. LLC Attn: Prospectus Department, 200 West Street, New York, NY 10282; telephone: 1-866-471-2526; email: Prospectusemail@example.com. Registration statements relating to the securities became effective on October 22, 2020. 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.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds. 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 Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
For Altimar Acquisition Corporation
For HPS Investment Partners
SOURCE Altimar Acquisition Corporation
Released October 22, 2020