Technology

SOAR Know-how Acquisition Corp. Pronounces Closing of $230 Million Preliminary Public Providing

NEW YORK, September 20, 2021–(BUSINESS WIRE)–SOAR Know-how Acquisition Corp. (the “Firm”), a particular goal acquisition firm, introduced right now the closing of its preliminary public providing of 23,000,000 items at a value of $10.00 per unit, which included 3,000,000 items issued pursuant to the total train by the underwriters of their over-allotment possibility.

The items are listed on the New York Inventory Trade and started buying and selling underneath the ticker image “FLYA.U” on September 16, 2021. Every unit consists of 1 Class A unusual share of the Firm and one-third of 1 redeemable warrant. Every complete warrant entitles the holder thereof to buy one Class A unusual share of the Firm at a value of $11.50 per share. As soon as the securities comprising the items start separate buying and selling, the Class A unusual shares and warrants are anticipated to be listed on the New York Inventory Trade underneath the symbols “FLYA” and “FLYA.WT,” respectively.

SOAR Know-how Acquisition Corp., led by Joe Poulin via his household workplace, JPK Capital, Peter Kern, and Inovia Progress Fund II, represented by Chris Arsenault and Patrick Pichette, is a newly organized clean examine firm fashioned for the aim of effecting a merger, share trade, asset acquisition, share buy, reorganization or related transaction with a number of companies or entities within the higher expertise or tech-enabled industries.

J.P. Morgan Securities LLC, RBC Capital Markets, LLC and BTIG LLC acted as joint book-running managers for this providing. The providing was made solely via a prospectus. Copies of the ultimate prospectus could also be obtained from:

  • J.P. Morgan Securities LLC, c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, New York 11717; Phone: 1-866-803-9204; E-mail: prospectus-eq_fi@jpmchase.com;

  • RBC Capital Markets, LLC, Consideration: Fairness Syndicate, 200 Vesey Avenue, eighth Flooring, New York, New York 10281; Phone: 1-877-822-4089; Electronic mail: equityprospectus@rbccm.com; and

  • BTIG LLC, 65 East fifty fifth Avenue, New York, New York 10022; Phone: 1-212-593-7510. Electronic mail: ProspectusDelivery@btig.com.

The registration assertion referring to the securities turned efficient on September 15, 2021. This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase, nor shall there be any sale of those securities in any state or jurisdiction wherein such supply, solicitation or sale could be illegal previous to registration or qualification underneath the securities legal guidelines of any such state or jurisdiction.

Cautionary Observe Regarding Ahead-Trying Statements

This press launch accommodates statements that represent “forward-looking statements,” together with with respect to the seek for an preliminary enterprise mixture. No assurance could be provided that the seek for an preliminary enterprise mixture will likely be accomplished on the phrases described, or in any respect. Ahead-looking statements are topic to quite a few circumstances, lots of that are past the management of the Firm, together with these set forth within the “Threat Components” part of the Firm’s registration assertion and last prospectus referring to the Firm’s preliminary public providing filed with the Securities and Trade Fee (the “SEC”). Copies can be found on the SEC’s web site at www.sec.gov. The Firm undertakes no obligation to replace these statements for revisions or modifications after the date of this launch, besides as required by relevant legislation.

View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20210920005937/en/

Contacts

Rory Shepard
SOAR Know-how Acquisition Corp.
rory.shepard@soartechnologyacq.com

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