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Initial public offerings

Vine Hill Capital Investment Corp. Announces Pricing of Initial Public Offering

Strategic Insights

— 2 min read

Vine Hill Capital Investment Corp. (Vine Hill), a special purpose acquisition company, has successfully priced its initial public offering of 20,000,000 units at a price of $10.00 per unit, raising a total of $200 million. The units are expected to begin trading on the Nasdaq Global Market under the ticker symbol "VCICU" on September 6, 2024, and will be listed separately on September 9, 2024, under the symbols "VCIC" and "VCICW." The offering is expected to close on September 9, 2024, subject to customary closing conditions.

The Company was formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, focusing on the industrial and services industries where its management team has expertise. Stifel, Nicolaus & Company, Incorporated serves as the sole book-running manager, and Paul Hastings LLP and Ellenoff Grossman & Schole LLP are serving as legal counsel to Vine Hill and the underwriters, respectively.

Vine Hill plans to focus on an initial business combination in the industrial and services industries, although it has not limited its search to any particular industry, sector, or location. The Company aims to leverage its management team's expertise to complete a successful initial business combination.

Key Takeaways:

  • Vine Hill priced its initial public offering of 20,000,000 units at $10.00 per unit, raising a total of $200 million.
  • The units are expected to begin trading on Nasdaq under the ticker symbol "VCICU" on September 6, 2024, and will be listed separately on September 9, 2024, under the symbols "VCIC" and "VCICW."
  • The offering is expected to close on September 9, 2024, subject to customary closing conditions.
  • Vine Hill was formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses, focusing on the industrial and services industries.
  • Stifel, Nicolaus & Company, Incorporated serves as the sole book-running manager, and Paul Hastings LLP and Ellenoff Grossman & Schole LLP are serving as legal counsel to Vine Hill and the underwriters, respectively.
  • Vine Hill plans to leverage its management team's expertise to complete a successful initial business combination.

Statistics:

  • 20,000,000 units offered at a price of $10.00 per unit
  • Total amount raised: $200 million
  • Units expected to begin trading on Nasdaq on September 6, 2024
  • Listing of units expected on September 9, 2024
  • Offering expected to close on September 9, 2024

Sources:

  • Vine Hill Capital Investment Corp. Press Release, September 5, 2024
  • Registration statement filed with the U.S. Securities and Exchange Commission (SEC) on September 5, 2024

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