Marlin Technology Corporation Completes Pricing of Upsized $360 Million Initial Public Offering
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LOS ANGELES, Jan. 12, 2021 /PRNewswire/ -- Marlin Technology Corporation (the "Company"), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, today announced the pricing of its initial public offering of 36,000,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Stock Market and trade under the ticker symbol "FINMU" beginning January 13, 2021. Each unit consists of one Class A ordinary share of the Company and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share of the Company at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq Stock Market under the symbols "FINM" and "FINMW", respectively.

The Company, which will not be limited to a particular industry or geographic region in its identification and acquisition of a target company, intends to target companies within the technology sector with enterprise valuations in an approximate valuation range of $1.5 billion to $3 billion.

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UBS Securities LLC and Jefferies LLC are serving as joint book-running managers for this offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 5,400,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: UBS Securities LLC, Attn: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, Telephone: (888) 827-7275, Email at [email protected]; Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, Telephone: (877) 821-7388, Email: [email protected]. Registration statements relating to the securities became effective on January 12, 2021. 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 expected to close on January 15, 2021, subject to customary closing conditions.

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Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. 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.

SOURCE Marlin Technology Corporation

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