CBRE Acquisition Holdings, Inc. Announces Full Exercise of Over-Allotment Option in Connection with its Initial Public Offering

DALLAS--(BUSINESS WIRE)--CBRE Acquisition Holdings, Inc. (NYSE: CBAH.U) today announced that Morgan Stanley has exercised in full its over-allotment option to purchase an additional 5,250,000 SAIL (Stakeholder Aligned Initial Listing) securities at the initial public offering price of $10.00 per SAIL security, less underwriting discounts and commissions. The exercise of the over-allotment option is expected to close on December 15, 2020. As a result, CBRE Acquisition Holdings, Inc. sold an aggregate of 40,250,000 SAIL securities in the initial public offering and the gross proceeds are expected to be approximately $402.5 million, before deducting underwriting discounts and commissions. The SAIL securities began trading on the New York Stock Exchange under the ticker symbol “CBAH.U” on December 11, 2020.