LOS ANGELES–(BUSINESS WIRE)–WestPark Capital, Inc., a full-service investment bank and broker-dealer, today announced the completion of an initial public offering for Prime Number Acquisition I Corp., a new blank check corporation incorporated as a Delaware corporation. The IPO consisted of 6,450,000 units at an offering price of $10.00 per unit, including 450,000 units issued pursuant to the partial exercise of the underwriter’s over-allotment option, for aggregate gross proceeds of the Company of $64,500,000. Each unit consists of one Class A common share, one-half redeemable warrant and one right. Each whole warrant entitles its holder to purchase one Class A common share, and each of the eight rights entitles its holder to receive one Class A common share upon the completion of an initial business combination . The exercise price of the warrants is $11.50 per full share. The Units began trading on the Nasdaq Global Market (“Nasdaq”) under the symbol “PNACU” on May 13, 2022.
WestPark Capital, Inc. and Prime Number Capital, LLC acted as joint bookrunners.
A registration statement on Form S-1 (File No. 333-262457) relating to the securities sold in the initial public offering has been declared effective by the United States Securities and Exchange Commission (the “SEC”). ) on May 12, 2022. The offering has been made only by way of a prospectus, copies of which may be obtained by accessing the SEC’s website, www.sec.gov or from WestPark Capital, Inc. – At Attention: Jason Stern, 1900 Avenue of the Stars, 3rd Floor, Los Angeles, CA 90067 or by email: syndicate@wpcapital.com or by phone at (310) 203-2919.
This press release does not constitute an offer to sell or a solicitation of an offer to buy, and there will be no 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 such state or territory.
About WestPark Capital, Inc.
WestPark Capital is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecommunications, among other categories. WestPark Capital provides a full range of corporate finance services, including initial public offerings, follow-on offerings, private placements, CMPOs, RDs, ATMs, SIPOs and corporate finance advisory services. ‘business. Additional information about WestPark Capital is available at www.wpcapital.com or info@wpcapital.com.
Forward-looking statements
This press release contains statements that constitute “forward-looking statements”, including with respect to the initial public offering (“IPO”) of the Company and the search for an initial business combination. There can be no assurance that the net proceeds of the offering will be used as stated. Forward-looking statements are subject to numerous conditions, many of which are beyond Prime Number Acquisition I Corp.’s control, including those set forth in the Risk Factors section of Prime Number Acquisition I Corp’s registration statement and prospectus. for the IPO. filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Prime Number Acquisition I Corp. assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.