EQV Ventures Acquisition Corp. Announces Pricing of Initial Public Offering

Strategic Insights -

EQV Ventures Acquisition Corp., a special purpose acquisition company sponsored by an affiliate of the EQV Group, has announced the pricing of its initial public offering of 35,000,000 units at a price of $10.00 per unit. The units are expected to be listed on The New York Stock Exchange ("NYSE") and begin trading tomorrow, August 7, 2024, under the ticker symbol "EQVU." Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share, subject to certain adjustments.

Key Takeaways:

  • The company will offer 35,000,000 units at a price of $10.00 per unit, with a total offering size of $350,000,000.
  • Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with the whole warrant entitling the holder to purchase one Class A ordinary share at $11.50 per share.
  • BTIG, LLC is acting as sole book-running manager for the offering, with an option to purchase an additional 5,250,000 units to cover over-allotments.
  • The offering is expected to close on August 8, 2024, subject to customary closing conditions.
  • A registration statement has been filed with the U.S. Securities and Exchange Commission ("SEC") and became effective on August 6, 2024.
  • No assurance can be given that the offering will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated.

Statistics:

  • Total offering size: $350,000,000 (35,000,000 units at $10.00 per unit)
  • Number of units offered: 35,000,000
  • Price per unit: $10.00
  • Number of whole warrants: 11,666,667 (one-third of one warrant per unit)
  • Exercise price of whole warrant: $11.50 per share
  • Option to purchase additional units: 5,250,000 units

Sources:

  • GlobeNewswire (MIL-OSI) PARK CITY, UTAH, Aug. 06, 2024 (GLOBE NEWSWIRE)
  • EQV Ventures Acquisition Corp. prospectus filed with the SEC on August 6, 2024
  • EQV Ventures Acquisition Corp. press release dated August 6, 2024