Provident Acquisition Corp. Announces Closing of $230 Million Initial Public Offering

Jan 13, 2021

Provident Acquisition Corp. (the “Company”) today announced the closing of its initial public offering of 23,000,000 units at a price of $10.00 per unit, including an additional 3,000,000 units sold pursuant to the full exercise of the underwriters’ over-allotment option. The units began trading on the Nasdaq Capital Market under the ticker symbol “PAQCU” beginning January 8, 2021. Each unit consists of one of the Company’s Class A ordinary shares and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof 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 expects that its Class A ordinary shares and warrants will be listed on the Nasdaq Capital Market under the symbols “PAQC” and “PAQCW,” respectively.

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