LONDON, UK: Hiro Metaverse, a special purpose acquisition company incorporated under the laws of the Grand Duchy of Luxembourg as a public limited liability company, announced its successful IPO on the main market of the London Stock Exchange by way of a placing of units comprising one Public Share and the right to receive one half (1/2) of one Public Warrant.
The Placing consists of the issuance of 11.5 million Units at a price of £10 per Unit comprising 11.5 million Class A ordinary shares in the Company, and 5.75 million public warrants in respect of Public Shares.
Based on the Placing Price, the Company will raise approximately £115 million in the Placing at the commencement of conditional dealings on the main market of the London Stock Exchange.
The Placing will enable the Company to pursue its objective of completing a business combination with a business operating in the sectors of video games, esports, interactive streaming, GenZ social networks, connected fitness & wellness and metaverse technologies with principal business operations in the United Kingdom, Europe or Israel, although it may pursue an acquisition opportunity in any industry or sector or region (the “Business Combination”).
It is expected that all Public Warrants will be admitted to the standard listing segment of the Official List of the FCA and to London Stock Exchange’s main market for listed securities on 9 March 2022.
Citigroup Global Markets Limited are acting as Sole Global Coordinator and Bookrunner.
Hiro Metaverse intends to focus on targets operating in the sectors of video games, esports, interactive streaming, GenZ social networks, connected fitness & wellness and metaverse technologies (which have a combined market size in excess of US$350 billion) with principal business operations in the U.K., Europe or Israel, although it may pursue an acquisition opportunity in any industry or sector or region.