DALLAS, September 27, 2021 (GLOBE NEWSWIRE) – Parabellum Acquisition Corp. (NYSE: PRBM.U) (the “Company” or “Parabellum”) today announced the price of its initial public offering of 12,500,000 units at a price of $ 10.00 per unit. Each unit consists of one common share and three-quarters of a redeemable warrant of the Company. Each whole warrant entitles its holder to purchase one common share of the Company at a price of $ 11.50 per share. The Units will be listed on the New York Stock Exchange (NYSE) and are expected to trade under the symbol “PRBM.U” as of September 28, 2021. Once the securities comprising the Units begin to trade separately, the shares and the warrants will be expected to trade on the NYSE under the symbols “PRBM” and “PRBM.WS”, respectively. The offer is scheduled to close on September 30, 2021, subject to customary closing conditions.
Parabellum is a blank check company incorporated for the purpose of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on companies with an enterprise value of $ 300 million to $ 1 billion that have propitiatory technologies and unique business models and are actively engaged in the transformation of the Internet. objects (“IoT”) in a variety of segments such as consumer, industrial, automotive, medical and others.
B. Riley Securities is the sole accounting manager of the offering. The manager has a 45-day option to purchase up to 1,875,000 additional units just to cover over-allotments, if any.
The registration statements relating to the securities became effective on September 27, 2021. The offer was made only by way of prospectus, copies of which can be obtained by contacting B. Riley Securities at 1300 North 17th Street, Continued 1300, Arlington, VA 22209, or by calling (703) 312‐9580 or sending an email request to [email protected] Copies of the registration statements can also be viewed on the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be. unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Note regarding forward-looking statements
This press release contains statements that constitute “forward-looking statements”, including with respect to the initial public offering and the intended use of the net proceeds. No guarantee can be given that the offer discussed above will be carried out under the conditions described, or not at all, or that the net proceeds of the offer 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 out in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s filed offering. with the SEC. Copies are available on the SEC website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.
For more information on Parabellum, visit www.parabellumac.com.