Correction: Global Synergy Acquisition Corp. Announces Closing of $258,750,000 Initial Public Offering

Jan 13, 2021

NEW YORK, NY, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Global Synergy Acquisition Corp. (Nasdaq: GSAQU) (“GSAC” or the “Company”) announced today the closing of its initial public offering (“IPO”) of 25,875,000 units, including 3,375,000 units issued to the underwriters upon the full exercise of their over-allotment option, at a price to the public of $10.00 per unit, resulting in gross proceeds of $258,750,000. The units began trading on The Nasdaq Capital Market (“Nasdaq”) under the symbol “GSAQU” on January 8, 2021. Each unit issued in the IPO consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant entitling 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 Class A ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “GSAQ” and “GSAQW,” 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 effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

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