EW YORK--(BUSINESS WIRE)--Prime Impact Acquisition I (NYSE: PIAI.U) announced today that it priced its initial public offering of 30,000,000 units at $10.00 per unit. The units are expected to be listed on the NYSE and trade under the ticker symbol “PIAI.U” beginning September 10, 2020. Each unit consists of one ordinary share and one warrant to purchase one-third of one ordinary share at $11.50 per whole share. Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to be listed on the NYSE under the symbols “PIAI” and “PIAI.W” respectively.

In addition, the underwriters have fully exercised the over-allotment option to purchase an additional 4,500,000 units offered by the Company to cover over-allotments.

The offering is expected to close on September 14, 2020, subject to customary closing conditions.

Goldman Sachs and BofA Securities are acting as joint book running managers in the offering.

About Prime Impact Acquisition I

Prime Impact Acquisition I is a blank check 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. Prime Impact Acquisition I’s anticipates targeting companies or divisions of companies, globally in the TMT, Med Tech and Industrial Tech sectors.