Rodgers Silicon Valley Acquisition Corp. Announces Closing of $230 Million Initial Public Offering

Dec 08, 2020

Rodgers Silicon Valley Acquisition Corp. (NASDAQ: RSVAU, the “Company”) announced today that it closed its initial public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the exercise by the underwriter of their over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $230,000,000. Each unit consists of one share of common stock and one-half of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one share of common stock at $11.50 per share.

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