Motive Capital Corp Announces Closing of Initial Public Offering, including Underwriters’ Over-Allotment Option

NEW YORK--(BUSINESS WIRE)--Motive Capital Corp (the “Company”) today announced the closing of its initial public offering of 41,400,000 units, including 5,400,000 units pursuant to the full exercise of the underwriters’ over-allotment option, at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share of the Company and one-third of one warrant. Each whole warrant entitles the holder to purchase one Class A ordinary share of the Company at a price of $11.50 per share. The units are listed on the New York Stock Exchange (the “NYSE”) under the symbol “MOTV.U”. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “MOTV” and “MOTV WS”, respectively.