Fifth Wall SPAC rolls out IPO

Fifth Wall Acquisition Corp, a blank check company formed by venture firm Fifth Wall, has raised $300 million for its IPO after pricing its 30 million shares at $10 per share.

Fifth Wall Acquisition Corp, a blank check company formed by venture firm Fifth Wall, has raised $300 million for its IPO after pricing its 30 million shares at $10 per share. The stock began trading February 5, 2021 on the NASDAQ under the ticker symbol “FWAA.” Goldman Sachs and Deutsche Bank Securities are the underwriters.

PRESS RELEASE

LOS ANGELES, Feb. 4, 2021 /PRNewswire/ — Fifth Wall Acquisition Corp. I (the “Company” or “FWAA”), a special purpose acquisition company, today announced the pricing of its upsized initial public offering of 30,000,000 shares of Class A Common Stock at a price of $10.00 per share. The shares will be listed on The Nasdaq Stock Market, LLC (“Nasdaq”) and will begin trading on February 5, 2021, under the ticker symbol “FWAA”. The offering is expected to close on February 9, 2021, subject to customary closing conditions.

Goldman Sachs & Co. LLC and Deutsche Bank Securities are acting as joint book-running managers for the offering. The Company has granted the underwriters a 45-day option from the date of the final prospectus to purchase up to an additional 4,500,000 shares at the initial public offering price to cover over-allotments, if any.

A registration statement relating to the securities became effective on February 4, 2021. The offering is being made only by means of a prospectus, which forms a part of the registration statement. Copies of the prospectus may be obtained, when available, for free by visiting EDGAR on the Securities and Exchange Commission (the “SEC”) website at www.sec.gov. Alternatively, copies may be obtained, when available, from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, or by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com and Deutsche Bank Securities, Attention: Prospectus Group, 60 Wall Street, New York, NY 10005-2836, by email at prospectus.CPDG@db.com, or by telephone at (800) 503-4611.

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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Fifth Wall Acquisition Corp. I
Fifth Wall Acquisition Corp. I is a newly formed blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). While the Company may pursue an acquisition opportunity in any industry, sector or geographical location, it intends to focus on industries that complement its management team’s background, and to capitalize on the ability of its management team to identify and acquire a technology business focusing on verticals of the real estate industry, as well as the adjacent industries that collectively make up the human-made environment that provides the setting for human activity, ranging in scale from buildings to cities and beyond, which the Company calls the “Built World.”