Iconic Sports Acquisition Corp. completes $ 345 million initial public offering

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LONDON–(COMMERCIAL THREAD) – Iconic Sports Acquisition Corp. (“Iconic Sports” or the “Company”) today announced the closing of its initial public offering increased by 34,500,000 units, which includes 4,500,000 units issued following the exercise by the underwriters of their full option over-allotment. The offer was priced at $ 10.00 per unit, which generated gross proceeds of $ 345 million.

Iconic Sports is an acquisition company with a specific vocation formed for the purpose of concluding a business combination with one or more companies. The Company plans to capitalize on the ability of its sponsor group and management team to identify, acquire and accelerate a business in the global sports industry or in an adjacent sector, including data and analytics, media and technology. In doing so, the Company intends to focus its research on iconic businesses, including sports franchises, which will complement its differentiated expertise, benefit from its strategic and practical operational leadership and where it believes there are opportunities for returns. risk-adjusted attractive and to build a platform for future investments.

The group of sponsors behind Iconic Sports is a partnership between James G. Dinan, Alexander Knaster, Edward Eisler and Tifosy SponsorCo LLC, a subsidiary of Tifosy Capital & Advisory, a leading sports consultancy firm. The company is led by Co-Managing Directors Gianluca Vialli and Fausto Zanetton, and brings together a powerful combination of experience, industrial relations and global expertise in sports, finance and management.

In order to further align the interests of the Sponsoring Group, management and shareholders of the Company, the Sponsoring Group has acquired $ 50 million in Units as part of the Offering at the Initial Public Offering Price.

Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC acted as co-book managers for the offering.

The Company’s units began trading on the New York Stock Exchange (the “NYSE”) on October 22, 2021 under the ticker symbol “ICNC.U”. Each unit consists of one Class A common share of the Company and one redeemable half warrant. Each whole warrant entitles its holder to purchase one Class A common share of the Company at a price of $ 11.50 per share. Once the securities comprising the Units begin to trade separately, the Class A Common Shares and Warrants are expected to be listed on the NYSE under the symbols “ICNC” and “ICNC WS”, respectively.

The offer was made only by means of a prospectus. Copies of the prospectus can be obtained by visiting EDGAR on the Securities and Exchange Commission website at www.sec.gov or from Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, Phone: 1-800-221-1037, Email: [email protected] or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014, e-mail: [email protected]

A registration statement relating to the securities became effective on October 21, 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 a state or jurisdiction in which such offering, solicitation or sale would be illegal prior to registration or qualification under the securities laws of such state or jurisdiction.

Caution regarding forward-looking statements

This press release contains statements that constitute “forward-looking statements”, including with respect to the proposed 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 offering prospectus. of the Company filed with the Securities and Exchange Commission (“SECOND”). Copies are available on the SEC’s 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.

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