Adit EdTech Acquisition Corp. Announces Closing of Underwriters' Over-Allotment Option in Connection With Its Upsized Initial Public Offering

Jan 20, 2021

Adit EdTech Acquisition Corp. (the “Company”) today announced that it has completed the sale of the full 3,600,000 units pursuant to the underwriters’ over-allotment option granted in connection with the Company’s initial public offering. Each unit consists of one share of common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder to purchase one share of common stock at a price of $11.50 per share. The units sold pursuant to the over-allotment option were sold at an offering price of $10.00 per unit, generating additional gross proceeds of $36,000,000 to the Company and bringing the total gross proceeds of the initial public offering to $276,000,000.

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