![]() It also has development and expansion projects, including the addition of new big-box tenants, entertainment venues, restaurants and mixed-use components including residential, office and hospitality, underway at many of its properties in North America, Europe and Asia. ![]() SPG owns or holds an interest in more than 200 income-producing properties in the United States, consisting of malls, Premium Outlets, Mills, lifestyle centers, and other retail properties in 37 states and Puerto Rico. We intend to utilize SPG’s relationships with and ownership of brands, retailers and operating businesses, and its broader network of connections in real estate, retail, finance, media, and entertainment. We are well positioned to identify and execute an acquisition with a company that will benefit from SPG’s industry expertise, access, scale and broad network of client and supplier relationships, which a financial sponsor could not easily replicate. SPG’s properties across North America, Europe and Asia provide community gathering places for millions of people every day, generate billions in annual sales and have allowed SPG to develop a tenant base of thousands of market leading brands. SPG is a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations and is an S&P 100 company. Our sponsor is an affiliate of Simon Property Group, Inc. We have also granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units.Įxpertise and Scale to Support Identification and Growth of Acquisition Targets. Subject to the terms and conditions described in this prospectus, we may redeem the warrants once the warrants become exercisable. The warrants will become exercisable on the later of 30 days after the completion of our initial business combination and 12 months from the closing of this offering, and will expire five years after the completion of our initial business combination or earlier upon redemption or liquidation, as described in this prospectus. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. ![]() Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as described in this prospectus, and only whole warrants are exercisable. Each unit has an offering price of $10.00 and consists of one share of our Class A common stock and one-fourth of one redeemable warrant. This is an initial public offering of our securities.
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