(2)
SAN CARLOS, Calif., March 11, 2021 /PRNewswire/ SVF Investment Corp. 3 (Nasdaq: SVFC) (the Company ) announced today the closing of its initial public offering of 28,000,000 Class A ordinary shares, including 4,000,000 shares issued pursuant to the full exercise of underwriters over-allotment option, at a price to the public of $10.00 per share, resulting in gross proceeds of [$320,000,000].
The Company s shares began trading on the Nasdaq Capital Market ( Nasdaq ) on March 9, 2021, under the ticker symbol SVFC . In addition, an affiliate of the sponsor entered into a forward purchase agreement that provides for the purchase of up to $200,000,000 forward purchase Class A ordinary shares, for $10.00 per share, in a private placement to close substantially concurrently with the closing of the Company s initial business combination.
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