Games & Esports Experience Acquisition Corp. Announces Closing of Upsized $200 Million Initial Public Offering
Games & Esports Experience Acquisition Corp. (the “Company”) announced today that it has closed its upsized initial public offering (“IPO”) of 20,000,000 units at a price of $10.00 per unit, including 2,500,000 units issued pursuant to the exercise of the underwriters’ over-allotment option. The units are listed on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “GEEXU” and began trading on December 2, 2021. Each unit consists of one Class A ordinary share of the Company and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company’s Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “GEEX” and “GEEXW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
The Company is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business, industry, sector or geographical location, it intends to focus its search on target businesses in interactive media, operating directly within or adjacent to competitive gaming and esports sectors or in industries with similar user characteristics or demographics including, but not limited to, ecommerce, media, content and other intellectual property, sports & entertainment, and social media. Concurrently with the initial business combination, the Company currently plans to merge with Gamers Club Holdings, LLC, a gaming technology subscription platform and community hub based in Brazil and an affiliate of GEEX Sponsor, LLC, the Company’s sponsor. The Company will not, however, complete an initial business combination with only Gamers Club.
J.P. Morgan Securities LLC and William Blair & Company, L.L.C. served as joint book-running managers for the offering.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) and was declared effective on December 1, 2021. The offering is being made only by means of a prospectus. Copies of the prospectus relating to the IPO may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204, or by email at [email protected]; or William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, Illinois 60606, by telephone at (800) 621-0687 or by email at [email protected]. Copies of the Company’s registration statement and prospectus for the offering are available on the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any 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 any such state or jurisdiction.
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