Omnichannel Acquisition Corp. Announces Closing of Partial Exercise of Underwriters' Over-Allotment Option in Connection with its Initial Public Offering

Dec 01, 2020

Omnichannel Acquisition Corp. (the "Company") today announced the closing of the issuance of an additional 650,000 units pursuant to the partial exercise of the underwriters’ over-allotment option in connection with the Company’s initial public offering. The additional units were sold at the initial offering price of $10.00 per unit, generating additional gross proceeds of $6,500,000 to the Company and bringing the total gross proceeds of the initial public offering to $206,500,000. The units are listed on the New York Stock Exchange (the "NYSE") and began trading under the ticker symbol "OCA.U" on November 20, 2020. Each unit consists of one share of Class A common stock and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols "OCA" and "OCA WS," respectively.

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