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Social Capital Suvretta Holdings Corp IV [DNAD]
Date Filed : Jul 02, 2021
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Exhibit 99.1
FOR IMMEDIATE RELEASE
Social Capital Suvretta Holdings Corp. IV Announces Pricing of Upsized $220,000,000 Initial Public Offering
PALO ALTO, Calif., Jun. 30, 2021 /Business Wire/ Social Capital Suvretta Holdings Corp. IV (the Company) announcedtoday that it has priced its upsized initial public offering of 22,000,000 Class A ordinary shares at $10.00 per share. The Class A ordinary shares will be listed on the Nasdaq Capital Market and trade under the tickersymbol DNAD beginning June 30, 2021.
The Company is led by Chamath Palihapitiya and Kishen Mehta and is a blank check companyformed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to focus on businesses operating in thebiotechnology industry and within the immunology subsector.
Morgan Stanley is acting as sole book-running manager, and SoFi is acting as
The offering is being made only by means of a prospectus. When available, copies of theprospectus may be obtained for free from the U.S. Securities and Exchange Commission (the SEC) website http://www.sec.gov; or from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2ndFloor, New York, NY 10014, Email: prospectus@morganstanley.com.
Registration statements relating to the securities became effectiveon June 29, 2021. 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 offer, solicitation orsale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Forward-Looking Statements
This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial publicoffering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated.Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Companys preliminary prospectus for the Companysoffering filed with the SEC. Copies of these documents are available on the SECs website, http://www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of thisrelease, except as required by law.
Contacts
Investors:
Social Capital Suvretta Holdings Corp. IV
legal@socialcapital.com
Media:
Sara Evans / Kerry Golds
Finsbury Glover Hering
sara.evans@fgh.com / kerry.golds@fgh.com
SOURCESocial Capital Suvretta Holdings Corp. IV
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