NEW YORK–(BUSINESS WIRE)–Mason Industrial Expertise, Inc. (the “Firm”), a newly included clean verify firm included in Delaware for the aim of effecting a merger, capital inventory trade, asset acquisition, inventory buy, reorganization or related enterprise mixture with a number of companies, as we speak introduced its preliminary public providing of 45,000,000 items at a worth of $10.00 per unit. Every unit consists of 1 share of the Firm’s Class A typical inventory and one-third of 1 redeemable warrant. Every entire redeemable warrant entitles the holder thereof to buy one share of the Firm’s Class A typical inventory at a worth of $11.50 per share. The items shall be listed on the New York Inventory Alternate (the “NYSE”) starting January 29, 2021 below the ticker image “MIT.U.” As soon as the securities comprising the items start separate buying and selling, the Class A typical inventory and warrants are anticipated to be listed on the NYSE below the symbols “MIT” and “MIT.W,” respectively.
Citigroup World Markets Inc. and Jefferies LLC are serving as underwriters for the providing. The Firm has granted the underwriters a 45-day choice to buy as much as 6,750,000 further items to cowl over-allotments, if any.
The Firm is sponsored by Mason Industrial Sponsor, LLC, an affiliate of Mason Capital Administration LLC, a New York primarily based hedge fund lively in public firm, personal firm, event-driven, credit score, shareholder activism and distressed investments. The Firm was shaped for the aim of executing a enterprise mixture within the industrial expertise, superior supplies or specialty chemical substances industries.
The preliminary public providing shall be made solely by the use of a prospectus. When accessible, copies of the prospectus referring to the providing could also be obtained at no cost from the U.S. Securities and Alternate Fee (“SEC”) web site, http://www.sec.gov; Citigroup World Markets Inc., c/o Broadridge Monetary Options, 1155 Lengthy Island Avenue, Edgewood, New York 11717, or by phone at 1-800-831-9146; or Jefferies LLC, Consideration: Fairness Syndicate Prospectus Division, 520 Madison Avenue, 2nd Flooring, New York, New York 10022, phone: (877) 821-7388, or electronic mail: Prospectus_Department@Jefferies.com.
A registration assertion referring to the securities has been filed with, and declared efficient by, the Securities and Alternate Fee. 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 by which such provide, solicitation, or sale could be illegal previous to registration or qualification below the securities legal guidelines of any such state or jurisdiction.
This press launch incorporates statements that represent “forward-looking statements,” together with with respect to the proposed preliminary public providing and the anticipated use of the web proceeds. No assurance may be provided that the providing mentioned above shall be accomplished on the phrases described, or in any respect, or that the web proceeds of the providing shall be used as indicated. 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 for the Firm’s providing filed with the SEC and the preliminary prospectus included therein. Copies can be found on the SEC’s web site, 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 regulation.
