NEW YORK--(BUSINESS WIRE)--Equity Distribution Acquisition Corp., a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business 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 New York Stock Exchange and trade under the ticker symbol “EQD.U” beginning September 16, 2020. Each unit consists of one share of Class A common stock of the Company and one-third of one warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock of the Company at a price of $11.50 per share. 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 New York Stock Exchange under the symbols “EQD” and “EQD WS,” respectively.

The offering is expected to close on September 18, 2020, subject to customary closing conditions.

Credit Suisse Securities (USA) LLC is acting as the sole book running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to 5,400,000 additional units at the initial public offering price to cover over-allotments, if any.