• September 19, 2020

Horizon Acquisition Corporation Announces Completion of $544 Million Initial Public Offering - Odessa American: Business

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Horizon Acquisition Corporation Announces Completion of $544 Million Initial Public Offering

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Posted: Wednesday, August 26, 2020 4:11 pm

GREENWICH, Conn.--(BUSINESS WIRE)--Aug 26, 2020--

Horizon Acquisition Corporation (the “Company”), a newly incorporated blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, today announced the closing of its initial public offering of 54,398,433 units at a price of $10.00 per unit, including an additional 4,398,433 units pursuant to the exercise of a portion of the underwriters’ over-allotment option.

The units are listed on the New York Stock Exchange (the “NYSE”) under the ticker symbol “HZAC.U”. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Company expects that the Class A ordinary shares and redeemable warrants will be listed on the NYSE under the symbols “HZAC” and “HZAC WS,” respectively.

The Company is sponsored by Horizon Sponsor, LLC, an affiliate of Eldridge Industries, LLC (“Eldridge”). The Company will be led by Todd Boehly, the Co-founder, Chairman and Chief Executive Officer of Eldridge and David Minella, the managing member of Minella Capital Management LLC. While the Company may pursue an initial business combination target in any industry, it currently intends to concentrate its search for a target business operating in the financial services industry, with a focus on differentiated financial services and financial services-adjacent platforms.

Credit Suisse Securities (USA) LLC served as lead book-running manager for the offering. Deutsche Bank Securities Inc. and RBC Capital Markets, LLC served as book-running managers for the offering.

The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from: Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, Telephone: 1-800-221-1037, email: usa.prospectus@credit-suisse.com; Deutsche Bank Securities Inc., Attn: Prospectus Department, 60 Wall Street, New York, New York 10005, Telephone: 1-800-503-4611, email: prospectus.cpdg@db.com; or RBC Capital Markets, LLC, Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York, New York 10281, Telephone at 1-877-822-4089 or by email at equityprospectus@rbccm.com.

A registration statement relating to the securities became effective on August 20, 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.

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 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 of these documents 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200826005760/en/

CONTACT: Nadia Damouni

646-818-9217

ndamouni@prosek.com

KEYWORD: UNITED STATES NORTH AMERICA CONNECTICUT

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Horizon Acquisition Corporation

Copyright Business Wire 2020.

PUB: 08/26/2020 05:11 PM/DISC: 08/26/2020 05:11 PM

http://www.businesswire.com/news/home/20200826005760/en

© 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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