New Beginnings Acquisition Corp. Announces Closing of $100 Million Initial Public Offering

MIAMI--(BUSINESS WIRE)--New Beginnings Acquisition Corp. (the "Company") announced today that it has closed its initial public offering of 10,000,000 units at a price of $10.00 per unit. The units are listed on NYSE American and began trading under the ticker symbol "NBA.U" on October 30, 2020. Each unit consists of one share of common stock and one redeemable warrant exercisable to purchase one share of common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the shares of common stock and warrants are expected to be listed on the NYSE American under the symbols "NBA" and "NBA WS," respectively.