Genesis Park SPAC goes public

Genesis Park Acquisition Corp, an aviation industry-focused blank check company sponsored by Genesis Park, has gone public after pricing its 15 million shares at $10 per share.

Genesis Park Acquisition Corp, an aviation industry-focused blank check company sponsored by Genesis Park, has gone public after pricing its 15 million shares at $10 per share. The stock began trading November 24, 2020 on the New York Stock Exchange under the ticker symbol “GNPK.U.” Jefferies LLC is the underwriter.

PRESS RELEASE

HOUSTON, Nov. 23, 2020 /PRNewswire/ — Genesis Park Acquisition Corp. (the “Company”) announced today that it priced its initial public offering of 15,000,000 units at a price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share at a price of $11.50 per share. The units will be listed on the New York Stock Exchange and trade under the ticker symbol “GNPK.U” beginning November 24, 2020. After the securities comprising the units begin separate trading, the Class A ordinary shares and the warrants are expected to be listed on the New York Stock Exchange under the symbols “GNPK” and “GNPK.WS,” respectively. The Company expects the offering to be consummated on November 27, 2020.

The Company is a new special purpose acquisition company formed for the purpose of effecting a business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry, it intends to focus on opportunities that align with the significant aerospace and aviation services experience of its management team, board of directors and advisory committee. The Company is sponsored by Genesis Park Holdings, an affiliate of Genesis Park, a Houston-based private equity firm, and is led by David Siegel as Chairman, Paul Hobby as Chief Executive Officer, and Jonathan Baliff as President and Chief Financial Officer.

Jefferies LLC is serving as the sole book-running manager for the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: Jefferies LLC, Attn: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10002, by telephone: 877-821-7388 or by email: Prospectus_Department@Jefferies.com.