Full Press Release Details
Tenzing Acquisition Corp. Announces Pricing
of Upsized $55,000,000 Initial Public Offering
YORK August 20, 2018 (PR NEWSWIRE) - Tenzing Acquisition Corp. (NASDAQ:TZACU) ("Tenzing" or the "Company"),
a company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses or entities, today announced the pricing of its upsized initial public offering
("IPO") of 5,500,000 units at a price to the public of $10.00 per unit. The units are expected to be listed on
The NASDAQ Capital Market ("NASDAQ") under the symbol "TZACU" beginning August 21, 2018. Each unit to be
issued in the IPO consists of one ordinary share and one warrant to acquire one ordinary share at an exercise price of $11.50 per
share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be traded
on NASDAQ under the symbols "TZAC" and "TZACW", respectively.
is acting as sole book-running manager for the IPO. Tenzing has granted the underwriters a 45-day option to purchase up to 825,000
additional units at the initial public offering price to cover over-allotments, if any.
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, 405 Lexington Ave, New York, NY 10174, Attn: Prospectus Department or by Tel: (800) 724-0761.
statement relating to the securities was declared effective by the SEC on August 20, 2018. 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.
check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting
a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses
or entities. The Company's efforts to identify a target business will not be limited to a particular industry or geographic
region, although it intends to focus its search on target businesses that operate in India.
FORWARD LOOKING STATEMENTS
contains statements that constitute "forward-looking statements," including with respect to the proposed IPO and the
anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms
described, or at all, or that the net 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 and preliminary prospectus for the Company's offering filed with the Securities and Exchange
Commission ("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.
| CONTACT: | |
| Rahul Nayar | |
| Tenzing Acquisition Corp. | |
| Rnayar@tenzingacq.com |