Investor Relations
- Growth Capital Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing March 22, 2021
March 18, 2021 - Growth Capital Acquisition Corp. Announces Closing of $172.5 Million Upsized Initial Public Offering and Full Exercise of the Overallotment Option
February 2, 2021 - Growth Capital Acquisition Corp. Announces Pricing of Upsized $150 Million Initial Public Offering
January 29, 2021
| Issuer: | Growth Capital Acquisition Corp. (Nasdaq: GCACU, GCAC, GCACW) |
| Offering: | $172,500,000 |
| Units Offered: | 17,250,000 units @ $10.00 per unit |
| Unit Composition: | Each unit consists of 1 share of Class A common stock and 1/2 redeemable warrant (each whole warrant entitles the holder to purchase 1 share of Class A common stock) |
| Sponsor Investment: | $5,175,000 |
| Time Horizon: | 18 months |
| Cash Held in Trust: | 100.0% or $10.00 per unit, in Trust for the initial 18-months from IPO |
| Warrant Strike/Call Price: | $11.50 / $18.00 |
| Warrant Duration: | Expires after 5 years from closing of the initial business combination |
| Sponsor Promote: | 20% |
| Lock Up: | 6-month lock-up of Sponsor’s shares post-BC or released from lock-up if the stock is ≥ $12.00 for any 20 trading days within any 30 trading day period commencing at least 60 days post-BC |
| Sole Book Runner: | Maxim Group LLC |
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- To be updated in due course once the target deal has been identified