890 5th Avenue Partners, Inc. Announces Closing of $287.5 Million Initial Public Offering

Jan 15, 2021

890 5^th Avenue Partners, Inc. (the "Company") announced today the closing of its initial public offering of 28,750,000 units, which included the full exercise of the underwriters’ over-allotment option, at a price of $10.00 per unit, resulting in gross proceeds of $287,500,000, before deducting underwriting discounts and commissions and other offering expenses payable by the Company. The units began trading on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “ENFAU” on January 12, 2021. Each unit consists of one share of the Company’s common stock and one-third of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of the Company’s common stock at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Company’s common stock and redeemable warrants are expected to be listed on Nasdaq under the symbols “ENFA” and “ENFAW,” respectively.

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