DGAP-News

468 SPAC I SE: announces its intention to list on the Frankfurt Stock Exchange

DGAP-News: 468 SPAC I SE / Key word(s): IPO 468 SPAC I SE: announces its intention to list on the Frankfurt Stock Exchange 13.04.2021 / 18:18 The issuer is solely responsible for the content of this announcement. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION. 468 SPAC I SE announces its intention to list on the Frankfurt Stock Exchange, seeking to raise €300 million to invest in a European company in the sub-sectors marketplaces, direct-to-consumer (D2C) and software & artificial intelligence Luxembourg, 13 April 2021 468 SPAC I SE ("468 SPAC" or the "Company"), a special purpose acquisition company (SPAC) aiming to acquire a target in the sub-sectors marketplaces, direct-to-consumer (D2C) and software & artificial intelligence (the "Targeted Technology Sectors"), today announces its intended private placement of units consisting each of 1 share (a "Public Share") and 1 one- third of a warrant (a "Public Warrant") for an aggregate of €300 million (the "Offering") in the second quarter of 2021, subject to market conditions, and subsequent listing of the Public Shares on the regulated market of the Frankfurt Stock Exchange and the introduction to trading of the Public Warrants on the open market of the Frankfurt Stock Exchange (the "Listing"). The founder and sponsor of the Company is 468 SPAC Sponsors GmbH & Co. KG (the "Sponsor"), an affiliate of Alexander Kudlich, Dr. Ludwig Ensthaler and Florian Leibert, founders of the investment fund 468 Capital. Highlights of 468 SPAC I SE - Targeted €300 million Offering, 100% of proceeds will be held in escrow to be used in connection with the completion of a Business Combination within 24 months from completion of the Listing. - Key criteria for completing a Business Combination: Business operations in a member state of the European Economic Area or the United Kingdom or Switzerland in the sub-sectors marketplaces, direct-to-consumer (D2C) and software & artificial intelligence (Targeted Technology Sectors).