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Crown PropTech Acquisitions Announces Closing of $276 Million Initial Public Offering Including Full Exercise by Underwriters to Purchase Additional Shares
February 11, 2021 05:34 PM Eastern Standard Time
NEW YORK--(BUSINESS WIRE)--Crown PropTech Acquisitions (the “Company”) announced the closing today of its initial public offering of 27,600,000 units at a price of $10.00 per unit, including 3,600,000 units sold to the underwriters pursuant to the full exercise of the over-allotment option. The units began trading on the New York Stock Exchange (“NYSE”) under the ticker symbol “CPTK.U” on February 9, 2021. 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. After the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be listed on NYSE under the symbols “CPTK” and “CPTK WS,” respectively.