Queen's Gambit Growth Capital Prices Upsized $300M IPO

1/19/21

Queen's Gambit Growth Capital today announced the pricing of its initial public offering  of 30,000,000 units at a price of $10.00 per unit. The units will be listed on the NASDAQ Capital Market and trade under the ticker symbol "GMBTU" beginning January 20, 2021. Each unit consists of one Class A ordinary share, par value $0.0001 per share, of the Company and one-third of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at an exercise 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 under the symbols "GMBT" and "GMBTW," respectively.

Barclays is acting as sole book-running manager and representative for the underwriters for the offering. R. Seelaus & Co., LLC and Siebert Williams Shank & Co., LLC are acting as co-managers for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units at the IPO price to cover over-allotments, if any.

About Queen's Gambit Growth Capital

Queen's Gambit Growth Capital is an entirely female-led special purpose acquisition company, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. The Company, led by Founder & Chief Executive Officer Victoria Grace, who is also a founding partner of Colle Capital Partners I LP, intends to focus its search on a platform that provides disruptive solutions to its sector that promote sustainable development, economic growth and prosperity.

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