Agrico Acquisition Corp. announces pricing of $125 million initial public offering
Agrico Acquisition Corp. [RICOU] a newly organized blank check company incorporated as a Cayman Islands exempted company and led by Chairman and CEO Brent de Jong, today announced the pricing of its initial public offering of 12,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share of the Company and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one Class A ordinary share at $11.50 per share
By Hemanth 09:16AM ET - Agrico Acquisition Corp. [RICOU] a newly organized blank check company incorporated as a Cayman Islands exempted company and led by Chairman and CEO Brent de Jong, today announced the pricing of its initial public offering of 12,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share of the Company and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one Class A ordinary share at $11.50 per share. The units are expected to trade on the Nasdaq Capital Market (“NASDAQ”) under the ticker symbol “RICOU” beginning July 8, 2021.Once the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be traded on the NASDAQ under the symbols “RICO” and “RICOW,” respectively.Maxim Group LLC is acting as sole book-running manager for the offering.The Company has granted the underwriters a45-day option to purchase up to 1,875,000 additional units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on July 12, 2021, subject to customary closing conditions.A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission(the “SEC”) on July 7, 2021. The offering is being made only by means of a prospectus. When available, copies of the prospectus related to this offering may be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, at (212) 895-3500,or by visiting EDGAR on the SEC’s website at www.sec.gov.This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
