Exhibit 99.2
Blue Whale Acquisition Corp I Announces Closing of $200,000,000 Initial Public Offering
August 6, 2021
NEW YORK and ABU DHABI, UAE, Aug. 6, 2021 — Blue Whale Acquisition Corp I (Nasdaq: BWCAU) (the “Company”) announced today the closing of its initial public offering of 20,000,000 units, at a price to the public of $10.00 per unit, resulting in gross proceeds of $200,000,000.
The Company’s units began trading on The Nasdaq Capital Market (“Nasdaq”) on August 4, 2021, under the ticker symbol “BWCAU.” Each unit consists of one Class A ordinary share, and one-fourth of one warrant to purchase one Class A ordinary share, for $10.00 per unit. In addition, MIC Capital Partners (Public) Parallel Cayman, LP, the direct parent of the sponsor, entered into a forward purchase agreement that provides for the purchase, at its discretion, of up to $50,000,000 forward purchase units, each consisting of one Class A ordinary share, or a forward purchase share, and one-fourth of one warrant to purchase one Class A ordinary share, or a forward purchase warrant, for $10.00 per unit, in a private placement to close substantially concurrently with the closing of the initial business combination. MIC Capital Partners (Public) Parallel Cayman, LP also purchased 2,000,000 units of the 20,000,000 public shares sold in the offering at the offering price of $10.00 per unit. When the securities comprising the units begin separate trading, the Company expects that the Class A ordinary shares and warrants will be listed on Nasdaq under the symbols “BWC” and “BWCAW”, respectively.
The Company is sponsored by Mubadala Capital, the asset management subsidiary of Mubadala Investment Company PJSC (“Mubadala”), a leading global sovereign investor headquartered in Abu Dhabi, with more than $243 billion of assets under management. The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses in the media, entertainment and technology industries. The Company is led by Maxime Franzetti, Head of Public Equities and SPACs at Mubadala Capital, Adib Mattar, Head of Private Equity at Mubadala Capital and Russ Pillar, Founder and Executive Chairman of Reigning Champs, the world’s largest NCAA-compliant path-to-college company for student-athletes, and Senior Advisor to Mubadala Capital.
A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (“SEC”) on August 3, 2021. The public offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained for free from the U.S. Securities and Exchange Commission website (http://www.sec.gov); Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282-2198, telephone +1 866 471 2526, facsimile: +1 212 902 9316, or email: prospectus-ny@ny.email.gs.com; and BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department or email: dg.prospectus_requests@bofa.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
