Acquisition Company Crixus BH3 Completes Initial Public Offering of $230 Million

Published: Oct 7 2021 at 4:05 PM EDT|Updated: 4 hours ago

FORT LAUDERDALE, Fla., Oct 7 2021 /PRNewswire/ — Crixus BH3 Acquisition Company (the “Company”), a blank check company formed for the purpose of combining with one or more companies or entities, today announced the completion of its first public offering of 23,000,000 units, which includes 3,000,000 units issued pursuant to the full exercise by the underwriters of their over-allotment option, at a price of $10.00 per unit. The units are listed on the Nasdaq Global Market (the “Nasdaq”) and have begun trading under the ticker symbol “BHACU”. Each unit issued in the offering consists of one share of the Company’s Class A common stock and half of one redeemable warrant of the Company. Each full warrant entitles its holder to purchase one share of the Company’s Class A common stock at a price of $11.50 per share, subject to adjustment. Once the securities comprising the units are traded separately, the Class A common stock and the warrants are expected to be listed on Nasdaq under the symbols “BHAC” and “BHACW”, respectively.

Guggenheim Securities, LLC and BTIG, LLC are acting as the joint bookrunners for the offering.

The offer is made solely by means of a prospectus. Copies of the prospectus may be obtained free of charge by visiting EDGAR on the Securities and Exchange Commission (“SEC”) website at www.sec.gov. Alternatively, copies of the prospectus, if available, may be obtained from Guggenheim Securities, LLC, Attn: Equity Syndicate, telephone: (212) 518-9544 or email: [email protected] or BTIG, LLC, 65 East 55th street, New York, New York 10022, or email: [email protected].

Crixus BH3 Acquisition Company, Led by Co-CEOs Gregory Freedman and Daniel Lebensohn, is included as a Delaware company for the purpose of effecting a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with a target company that derives a significant portion of its income from real estate, construction and infrastructure related activities. For more information about Crixus BH3 Acquisition Company: www.bh3ac.com.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (“SEC”) on October 4, 2021. This press release does not constitute an offer to sell or a solicitation of an offer to purchase, nor will there be any sale of these securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements”, including with respect to the proposed IPO and the expected use of net proceeds. There can be no assurance that the offering discussed above will be completed on the terms described, if at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement and the preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

For more information, please contact:
BHAC Investor Relations
[email protected]
(954) 416-3140

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SOURCE Crixus BH3 Acquisition Company

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