PepperLime Health Acquisition Corporation Announces Closing of Exercise of Underwriters’ Over-Allotment Option

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Oct 29, 2021 18:46 EDT


PepperLime Overall health Acquisition Corporation (the “Corporation”), a Cayman Islands exempted enterprise that is a blank test organization formed for the intent of entering into a merger, share trade, asset acquisition, share order, reorganization or comparable business blend with just one or much more companies, now declared the closing of the issuance of 2,000,000 models pursuant to the partial workout of the underwriters’ solution to obtain supplemental units in relationship with the Company’s earlier announced initial community featuring. The supplemental models were marketed at $10.00 per unit, resulting in gross proceeds of $20,000,000 and bringing the complete gross proceeds from the Company’s original community featuring to $170,000,000, ahead of deducting underwriting bargains and commissions and other offering expenditures payable by the Organization.

While the Firm may perhaps go after an original business combination target in any business or industry, the Enterprise intends to target organizations at the intersection of technological innovation and consumer health and fitness and wellness. The additional proceeds from the work out of the in excess of-allotment option will be made use of to fund the business combination.

The models commenced buying and selling on the Nasdaq International Current market underneath the ticker symbol “PEPLU” on Oct. 15, 2021. Each and every unit is made up of a person Course A standard share of the Firm and a person-50 % of a person warrant. Every single full warrant entitles the holder thereof to obtain a person Course A regular share of the Company at a selling price of $11.50 for every share. At the time the securities comprising the models start off independent buying and selling, the Class A common shares and warrants are envisioned to be outlined on the Nasdaq World wide Industry under the symbols “PEPL” and “PEPLW,” respectively.

Oppenheimer & Co. Inc. acted as the sole underwriter for the offering.

The presenting was produced only by signifies of a prospectus. A duplicate of the final prospectus related to the offering might be acquired from: Oppenheimer & Co. Inc., Attn: Syndicate Prospectus Department, 85 Wide Avenue, 26th Floor, New York, New York 10004, telephone: (212) 667-8055 or e-mail: [email protected]

A registration assertion relating to the providing has been filed with, and declared helpful by, the U.S. Securities and Trade Fee (the “SEC”) on Oct. 14, 2021. Copies of the registration statement, as amended, can be accessed by the SEC’s web page at www.sec.gov. This press release shall not constitute an offer you to promote or the solicitation of an offer you to obtain, nor shall there be any sale of these securities in any condition or jurisdiction in which such provide, solicitation, or sale would be unlawful prior to registration or qualification beneath the securities legal guidelines of any these point out or jurisdiction.

This press launch includes statements that constitute “ahead-seeking statements,” which includes with respect to the expected use of the net proceeds. No assurance can be offered that the internet proceeds of the giving will be utilized as indicated. Forward-on the lookout statements are subject to quite a few disorders, many of which are further than the control of the Business, like individuals set forth in the Danger Aspects area of the Firm’s registration statement and any prospectus for the Company’s supplying filed with the SEC. Copies are readily available on the SEC’s website, www.sec.gov. The Organization undertakes no obligation to update these statements for revisions or variations right after the date of this launch, except as demanded by law.

Make contact with

PepperLime Wellbeing Acquisition Corporation
www.pepperlimehealth.com
Ramzi Haidamus
(415) 263-9939

Supply: PepperLime Wellness

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