Holicity Inc. Announces Closing of $275 Million Initial Public Offering

NEW YORK--(BUSINESS WIRE)--Holicity Inc. (the “Company”) announced the closing today of its initial public offering of 27,500,000 units at a price of $10.00 per unit. The units are listed on the NASDAQ Stock Exchange (NASDAQ) and began trading under the ticker symbol “HOLUU” on August 5, 2020. Each unit consists of one Class A share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A share at a price of $11.50 per share. Only whole warrants will be exercisable. Once the securities comprising the units begin separate trading, the Class A shares and warrants are expected to be listed on the NASDAQ under the symbols “HOL” and “HOLUW,” respectively.