Churchill Capital Corp III announced the pricing of its initial public offering of 100,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange under the symbol "CCXX.U" commencing on February 14, 2020. Each unit consists of one share of the Company's Class A common stock and one-fourth of one warrant, each whole warrant entitling the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50 per share. Once the securities constituting the units begin separate trading, we expect that the Class A common stock and warrants will be listed on the NYSE under the symbols "CCXX" and "CCXX WS," respectively.

Churchill Capital Corp III was founded by Michael Klein, who is also the founder and managing partner of M. Klein and Company. The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. It may pursue an initial business combination target in any business or industry.

Citigroup is acting as Global Coordinator and Joint Bookrunner, Goldman Sachs & Co. LLC is acting as Joint Bookrunner and Maxim Group LLC is acting as co-manager. The Company has granted the underwriters a 45-day option to purchase up to 10,000,000 additional units at the initial public offering price to cover over-allotments, if any.