Media Release: VT5 Acquisition Company launches IPO on SIX Swiss Exchange Montag, 06. Dezember 2021 - 09:33

VT5 Acquisition Company today launches IPO on SIX Swiss Exchange. Bookbuilding for up to CHF 200 million SPAC to start on 9 December 2021. CHF 177.7 million secured commitments. 

§    VT5 plans acquisition of one or (if at the same time) more operating companies or businesses within 24 months of listing

§    Target businesses include technology leaders in Central and Northern Europe and especially the DACH region with a scalable business model, a strong market position as well as attractive growth and profitability prospects 

§    Targeted selection process with focus on high-quality industrial technology sectors fueled by macro drivers and secular industry trends, particularly in semiconductors, optics, automation and additive manufacturing, energy technologies and digitalisation

§    Experienced and skilled Board of Directors and Management Team led by Chairperson Heinz Kundert and Andreas Leutenegger, Delegate of the Board and CEO

§    Veraison as Initiator, Sponsor and Cornerstone Investor to invest CHF 3.5 million for Sponsor Class A Shares and additional CHF 20 million at IPO terms

§    IPO and operational costs as well as costs in relation to sourcing potential target until business combination and negative interest coverage financed by the Founders of VT5 (CHF 3.5 million) and the Sponsor Veraison (CHF 3.5 million - as mentioned above)

§    IPO comprises the offer of up to 20,000,001 Class A Shares accompanied by 6,666,667 redeemable warrants, at CHF 10 per share plus 1/3 of a warrant per share

§    The offer period is expected to commence on 9 December 2021 and end on 13 December 2021, subject to acceleration or extension of the timetable of the Offering

§    An aggregate amount of CHF 177.7 million secured commitments from Cornerstone Investors including Artemis Group, Point Break Capital LP, and the Sponsor Veraison as well as Anchor Investors

§    Trading of Class A Shares and redeemable warrants is expected to commence on 15 December 2021 on SIX Swiss Exchange. Both instruments will trade separately immediately upon listing under the respective symbols of VT5 and VT5W

Further information can be found in the attached press release.

Media Conference and webcast today at 14:00 CET

VT5 will present its IPO plans and the strategic focus of the SPAC during a media conference today at 14:00 CET, held at the Widder Hotel, Room Erzbergstube, 8001 Zurich. The conference will be headed by Heinz Kundert, Chairperson, and Board members Andreas Leutenegger and Gregor Greber. The conference will be held in German. A registration is not required.

Best regards

Doris Rudischhauser