| | Per Unit | | | Total | |
Public offering price | | | $10.00 | | | $250,000,000 |
Underwriting discounts and commissions(1) | | | $0.55 | | | $13,750,000 |
Proceeds to us (before expenses) | | | $9.45 | | | $236,250,000 |
(1) | Cantor Fitzgerald & Co. and Stephens Inc. have agreed to defer until consummation of our initial business combination $8.75 million of their underwriting commissions (or approximately $10.81 million if the underwriters’ overallotment option is exercised in full), which equals 3.5% of the gross proceeds from the units sold to the public, excluding any units purchased pursuant to the underwriters’ overallotment option, and 5.5% of the gross proceeds from the units sold to the public pursuant to the underwriters’ overallotment option. This amount will be placed in the trust account and will be released to the underwriters only on completion of an initial business combination, as described in this prospectus. See the section titled “Underwriting” for a description of the compensation payable to the underwriters. |