Iconic Sports Acquisition Corp. Completes Its Initial Increased Public Offering And Raises $ 345 Million

Iconic Sports Acquisition Corp. announced the closure of its initial public offering increased by 34,500,000 shares, including 4,500,000 shares issued to following the complete exercise of the over-allotment option by the subscribers. The offering price was $ 10.00 per share and gross proceeds were $ 345 million.

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Iconic Sports is a SPAC, a special purpose acquisition company formed to form a business combination with one or more companies. The Company is expected to leverage the ability of the sponsoring group and management team to identify, acquire and accelerate business in the global sports sector or adjacent sectors, such as data, analytics, media and technology. In this way, the Company intends to focus research both on iconic activities, such as sports franchising, which will complement its differentiated experience and will be able to take advantage of its strategic and concrete operational leadership, and on areas that it believes present opportunities for interesting returns, adequate for the risk. , with the creation of a platform for future investments.

The sponsoring group nominated by Iconic Sports is a partnership between James G. Dinan, Alexander Knaster, Edward Eisler and Tifosy SponsorCo LLC, a subsidiary of Tifosy Capital & Advisory, a leading sports consulting boutique. The Company is led by co-CEOs Gianluca Vialli and Fausto Zanetton and blends a powerful combination of expertise, industrial relations and global experience in various sporting, financial and management fields.

To further align the interests of the sponsoring group, management and shareholders of the Company, the sponsoring group acquired a package of shares worth $ 50 million at the IPO price during the offer.

The joint book-running managers for the offering were Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC.

On October 22, 2021, trading of the Company’s shares began on the New York Stock Exchange (“NYSE”, New York Stock Exchange) under the symbol “ICNC.U”. Each unit consists of a class A ordinary share of the Company and one half of a convertible warrant. Each full warrant gives the holder the right to purchase a class A common share of the Company at a price of $ 11.50 per share. After the commencement of separate trading of the securities included in the units, class A common shares and warrants are expected to be listed on the NYSE under the symbols “ICNC” and “ICNC WS” respectively.

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The offer was made solely by way of a prospectus, available in the EDGAR section of the Securities and Exchange Commission website at www.sec.gov , or by applying to Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, phone: 1-800-221-1037, email: usa.prospectus@credit-suisse.com , or Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014, email: prospectus@morganstanley.com .

A registration declaration relating to these securities became effective on 21 October 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will any sale of such securities be made in any state or jurisdiction where such offer, solicitation or sale would be illegal prior to registration or qualification, under the securities laws of that state or jurisdiction.

Cautionary note on forward-looking statements

This press release contains statements that may represent “forward-looking statements”, including in connection with the initial public offering and the intended use of net proceeds. No assurance is given that the above offer will be completed, that it will be completed on the terms described, or that the net proceeds of the offer will be used as indicated. Forward-looking statements are subject to a number of conditions, many of which are beyond the control of the Company, including as disclosed in the risk factors section included in the Company’s registration statement and in the preliminary prospectus for the Company’s offering, filed with the Securities and Exchange Commission (“SEC”). The Company undertakes n************ to update these statements for revisions or changes after the date of this press release, except as required by law.

The original text of this announcement, written in the source language, is the authentic official version. Translations are offered solely for the convenience of the reader and must refer to the original text, which is the only legally valid text.

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