Starboard Value Acquisition Corp. Announces Pricing of Upsized $360 Million Initial Public Offering

NEW YORK--(BUSINESS WIRE)--Starboard Value Acquisition Corp. (the “Company” or “SVAC”) today announced the pricing of its initial public offering of 36,000,000 units upsized from 30,000,000 units, at a price of $10.00 per unit. The units will be listed on The Nasdaq Stock Market (the “Nasdaq”) and will trade under the ticker symbol “SVACU” beginning on September 10, 2020. Each unit consists of one share of Class A common stock, one-sixth of one redeemable warrant, and a contingent right to receive at least one-sixth of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A common shares and the warrants are expected to be listed on the Nasdaq under the symbols “SVAC” and “SVACW,” respectively. The offering is expected to close on September 14, 2020.