New York, June 24, 2022 (GLOBE NEWSWIRE) — SK Growth Opportunities Corporation (the “Company”), a blank check corporation formed for the purpose of effecting a merger, share capital exchange, acquisition of assets, stock purchase, reorganization or similar business combination with one or more businesses, priced its initial public offering of 20,000,000 units at $10.00 per unit on June 23 June 24, 2022. The Units will be listed on the Nasdaq Global Market (“Nasdaq”) and trade under the ticker symbol “SKGRU” beginning June 24, 2022. Each Unit consists of one Class A common stock of the Company and half a warrant. Each whole warrant entitles its holder to purchase one Class A common share of the Company at a price of $11.50 per share, subject to adjustment, and only whole warrants are exercisable. Once the securities comprising the units begin trading separately, the Class A common stock and warrants are expected to trade on Nasdaq under the symbols “SKGR” and “SKGRW”, respectively.
The offering is expected to close on June 28, 2022, subject to customary closing conditions. Deutsche Bank Securities Inc. is acting as sole bookrunner for the offering. The Company has granted the underwriter a 45-day option to purchase on a pro rata basis up to 3,000,000 additional units at the initial public offering price, less discounts and underwriting commissions. Options can only be exercised to cover possible over-granting of units.
The offering is being made solely by means of a prospectus. When available, copies of the prospectus may be obtained from Deutsche Bank Securities Inc., Attn: Prospectus Department, 1 Columbus Circle, New York, New York 10019, telephone: 800-503-4611 or e -mail: prospectus.cpdq@db.com .
A securities registration statement is effective June 23, 2022 pursuant to Section 8(a) of the Securities Act of 1933, as amended. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful. prior to registration or qualification. under the securities laws of such state or territory.
This press release contains statements that constitute “forward-looking statements”, including with respect to the proposed initial public offering and the expected use of net proceeds. No guarantee can be given that the offer described above will be carried out on the terms described, or not at all, or that the net proceeds of the offer will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement and the Company’s filed preliminary offering prospectus. with the Securities and Exchange Commission (“SECOND”). Copies are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Derek Jensen, CFO derekjensen@skgrowthopportunities.com
