Rosecliff Acquisition Corp I announced today that it priced its initial public offering of 22,000,000 units at $10.00 per unit. The units will be listed on The Nasdaq Capital Market and trade under the ticker symbol "RCLFU" beginning February 12, 2021. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and redeemable warrants are expected to be listed on Nasdaq under the symbols "RCLF" and "RCLFW," respectively.

The Company is a special purpose acquisition company 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. The Company is sponsored by an affiliate of Rosecliff Venture Management, LLC, a diversified investment management firm based in New York City. The Company's management team is led by Michael Murphy, as Chief Executive Officer, Kieran Goodwin, as Chief Financial Officer, and Jordan Zimmerman, as President. The Company intends to focus its search on high growth technology and tech-enabled businesses domestically in industries that are being disrupted by advances in technology and on technology paradigms.

BTIG, LLC is acting as sole book-running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.