Full Press Release Details
D8 Holdings Corp. Announces Pricing of
Upsized $300 Million Initial Public Offering
July 14, 2020 - D8 Holdings Corp. (the "Company")
announced today the pricing of its initial public offering of 30,000,000 units, upsized from 25,000,000 units, at a price of $10.00
per unit. The units will be listed on The New York Stock Exchange (the "NYSE") and trade under the ticker symbol "DEH.U"
beginning on July 15, 2020. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each
whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. After the securities comprising
the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols
"DEH" and "DEH WS," respectively. The offering is expected to close on July 17, 2020.
D8 Holdings Corp. is a blank check company incorporated for
the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination
with one or more businesses. While the Company may pursue a business combination target in any business or industry, the Company
intends to focus on global and regional consumer brands.
UBS Investment Bank is acting as the sole book running manager
of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units at the
initial public offering price to cover over-allotments, if any.
A registration statement relating to these securities was declared
effective by the U.S. Securities and Exchange Commission (the "SEC") on July 14, 2020. This press release shall not
constitute an offer to sell or the 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.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus relating to this offering may be obtained from UBS Securities LLC, Attn: Prospectus Department,
1285 Avenue of the Americas, New York, NY 10019, or by telephone at (888) 827-7275, or by e-mail at olprospectusrequest@ubs.com.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute "forward-looking
statements," including with respect to the initial public offering and search for an initial business combination. No assurance
can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the
offering 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 forth 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, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
George Ho, Secretary