SPAC Closing Announced

Consilium Acquisition Corp I, Ltd. Announces Closing of Upsized $189,750,000 Initial Public Offering

 

NEW YORK, Jan. 18, 2022 (GLOBE NEWSWIRE) — Consilium Acquisition Corp I, Ltd. (the “Company”) announced today that it has closed its initial public offering of 18,975,000 units, including 2,475,000 units pursuant to the over-allotment option, at a price of $10.00 per unit. The units are listed on The Nasdaq Global Market (“Nasdaq”) and began trading under the ticker symbol “CSLMU” on January 13, 2022. Each unit consists of one Class A ordinary share, one right and one-half of one redeemable warrant. Each right entitles the holder thereof to receive one-tenth of one Class A ordinary share upon the consummation of an initial business combination. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares, rights and warrants are expected to be listed on Nasdaq under the symbols “CSLM”, “CSLMR” and “CSLMW”, respectively.

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to search for a target business operating in “new economy sectors”, broadly defined as technology, financial services, or media, and that are located in frontier growth markets. 

BTIG, LLC acted as sole book-running manager for the offering. I-Bankers Securities, Inc. acted as co-manager for the offering.

Registration statements relating to these securities became effective on January 12, 2022. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained by contacting BTIG, LLC, 65 East 55th Street, New York, NY 10022, or by email at ProspectusDelivery@btig.com.

Forward Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus for the initial public offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact:

Charles Cassel
ccassel@cimspac.com