Vine Hill Capital Investment Corp. Announces Pricing for $200 Million Initial Public Offering

Fort Lauderdale, Florida, September 5, 2024 (GLOBE NEWSWIRE) — Vine Hill Capital Investment Corp. (next “Business”), a special purpose acquisition company, today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to begin trading on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “VCICU” as of September 6, 2024. Each unit consists of one Class A common share and one-half of one redeemable warrant of the Company. Each whole warrant entitles the holder thereof to purchase one Class A common share at a price of $11.50 per share, subject to certain adjustments. Once the securities comprising the units begin separate trading, the Company expects its Class A common shares and warrants to be listed on Nasdaq under the symbols “VCIC” and “VCICW.” The offering is expected to close on September 9, 2024, subject to customary closing conditions.

The Company has been formed for the purpose of effecting a merger, amalgamation, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies. The Company may pursue an initial business combination in any company, industry, sector or geographic location, but intends to concentrate its search on a target company in the industrial and service industries in which it believes the experience of its management team will provide it with a competitive advantage in a successful initial business combination.

Stifel, Nicolaus & Company, Incorporated is acting as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option to purchase up to 3,000,000 additional units at the public offering price to cover over-allotments, if any. Paul Hastings LLP is acting as legal counsel to the Company. Ellenoff Grossman & Schole LLP is acting as legal counsel to the underwriters.

The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from Stifel, Nicolaus & Company, Incorporated: Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, Maryland 21202, or by mail to: [email protected] or by phone: (855) 300-7136.

The registration statement relating to the securities has been declared effective by the U.S. Securities and Exchange Commission (the “US Securities and Exchange Commission”).SECTION”) on September 5, 2024. 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.

Forecast statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described or at all, or that the Company will ultimately consummate the business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies of these documents are available on the SEC’s website at www.sec.gov. The Company undertakes no obligation to update these statements to reflect any changes or amendments after the date of this press release, except as required by law.

Contact

Nicholas Petrushka
Vine Hill Capital Investment Corp.
Phone: (954) 848-2859
E-mail: [email protected]