Rose Hill Acquisition Corporation, Focused on Latin America, Announces Closing of Initial Public Offering and Exercise of Over-Allotment Option

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Posted: October 18, 2021 at 7:31 p.m. MDT|Update: 17 minutes ago

ATLANTA, October 18, 2021 / PRNewswire / – Rose Hill Acquisition Corporation (the “Society“) today announced the closing of its initial public offering (the”Offer“) of 12,500,000 units at a price of $ 10.00 per unit. Each unit consists of one Class A common share and a redeemable half warrant, each whole warrant being exercisable to purchase one Class A common share at the price of $ 11.50 per share. Only whole warrants may be exercised. The underwriter has exercised his over-allotment option in full for 1,875,000 additional units, the over-allotment of which will be closed at the same time as the closing of the placement. Consequently, the total gross proceeds of the Offer, including the over-allotment, are $ 143,750,000, before deducting subscription discounts, commissions and other offering costs.

The Company’s shares began trading on the Nasdaq Global Market (“Nasdaq“) to October 14, 2021, under the ticker symbol “ROSEU”. Once the securities comprising the Units begin to trade separately, the Class A Common Shares and Warrants are expected to be listed on Nasdaq under the symbols “ROSE” and “ROSEW”, respectively.

Cantor Fitzgerald & Co. acted as the sole accounting manager of the offering.

The Offer was made only by means of a prospectus. Copies of the prospectus relating to this offer can be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; E-mail: [email protected].

A registration statement relating to these securities has been declared effective by the United States Securities and Exchange Commission (the “SECOND“) to October 13, 2021. 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 illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Rose Hill Acquisition Corporation

Rose Hill Acquisition Corporation is a newly formed blank check company for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies or entities.

While the Company may pursue an initial goal of business combination in any business, industry or geographic location, the Company intends to focus on companies that operate in Latin American markets with value company between $ 400 million To $ 1.0 billion.

Forward-looking statements

This press release contains statements that constitute “forward-looking statements”, particularly with respect to the search for an initial business combination. No guarantee can be given that the product offered will be used as directed. 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 for the initial public offering filed with the SEC. Copies are available on the SEC’s website at www.sec.gov. The Company does not undertake to update these statements for revisions or changes after the date of this posting, except as required by law.

Contact:

Juan José Rosas
Co-Chief Financial Officer and Director
[email protected]
+1 (607) 279-2371

Albert Hill
Co-Chief Financial Officer and Director
[email protected]
+1 (404) 973-7681

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SOURCE Rose Hill Acquisition Corporation

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