IPOs
By The Online Investor Staff, updated Mon., Jan. 24, 1:48 AM
| This Slide: #1 of 15 |
Slide #1. Heartland Media Acquisition Corp. — Initial Public Offering
Company:
Heartland Media Acquisition Corp.
Proposed Symbol:
HMA.U
Shares Offered:
17,500,000
Price Per Share:
$10.00
Over-Allotment:
2,625,000
Description:
Heartland Media Acquisition Corp. (the "Company") today announced the pricing of its initial public offering of 17,500,000 units, at a price of $10.00 per unit. The units will be listed on the New York Stock Exchange ("NYSE") and trade under the ticker symbol "HMA.U" beginning on January 21, 2022. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants will be exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols "HMA" and "HMA.WS," respectively. The offering is expected to close on January 25, 2022. BofA Securities and Moelis & Company LLC are acting as the joint book-running managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,625,000 units at the initial public offering price to cover over-allotments, if any.
