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26 Capital Acquisition Corp. Announces Pricing of Upsized $240,000,000 Initial Public Offering

Miami, FL, Jan. 14, 2021 (GLOBE NEWSWIRE) -- 26 Capital Acquisition Corp. (the a??Companya??) announced today that it priced its upsized initial public offering of 24,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market (a??Nasdaqa??) and will begin trading tomorrow, Friday, January 15, 2021, under the ticker symbol a??ADERU.a?? Each unit consists of one share of the Companya??s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling 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 and will trade. A Once the securities comprising the units begin separate trading, shares of the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols a??ADERa?? and a??ADERW,a?? respectively.The offering is expected to close on Wednesday, January 20, 2021, subject to customary closing conditions.The Company is a blank check 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. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, it intends to concentrate its efforts in identifying high quality businesses in the gaming and gaming technology, branded consumer, lodging and entertainment, or Internet commerce sectors.A  The Company is led by its Chief Executive Officer, Jason Ader, and its Chief Financial Officer, John Lewis.A A  Cantor Fitzgerald & Co. is acting as the sole book running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,600,000 units at the initial public offering price to cover over-allotments, if any.The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email:A prospectus@cantor.com.
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