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Dynamic quotes 
OFFON

EG ACQUISITION CORP.

(EGGF.U)
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EG Acquisition Corp. announced that it expects to receive $7.000001 million in funding from EG Sponsor LLC

04/05/2021 EDT

EG Acquisition Corp. (NYSE:EGGF.U) announced a private placement of 4,666,667 warrants at a price of $1.50 per warrant for gross proceeds of $7,000,000.5 on April 5, 2021. Each warrant will entitle the holder to purchase a common share at a price of $11.50 per share. The company has granted over-allotment option to issue additional warrants, and if exercised in full, the company will issue 5,166,667 warrants for proceeds of $7,750,000 in the transaction. The transaction will include participation from EG Sponsor LLC. The warrants will be non-redeemable and exercisable on a cashless basis so long as they are held by the sponsor or its permitted transferees. The warrants are subject to restriction period of 3 years from the closing.


© S&P Capital IQ 2021
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Managers and Directors
Gregg Scott Hymowitz Chief Executive Officer & Director
Sophia Park Mullen President & Director
Gary Fegel Chairman
Louise Curbishley Director
Linda Hall Daschle Director
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