 New York, NY, Aug. 04, 2020 GLOBE NEWSWIRE -- E.Merge Technology Acquisition Corp. NASDAQ: ETACU the Company announced today that it closed its initial public offering of 52,200,000 units. The offering was priced at 10.00 per unit, resulting in gross proceeds of 522,000,000.The Companys units are listed on the Nasdaq Capital Market Nasdaq and commenced trading under the ticker symbol ETACU on July 31, 2020. Each unit consists of one share of the Companys Class A common stock and one-third of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of 11.50 per share. Only whole warrants will trade and are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be traded on Nasdaq under the symbols ETAC and ETACW, respectively.The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on companies in the software and internet technology industries. The Company is led by Chairman, S. Steven Singh, and Co-Chief Executive Officers, Jeff Clarke and Guy Gecht.Cantor Fitzgerald Co. and Mizuho Securities USA LLC are acting as the joint book running managers for the offering. The Company granted the underwriters a 45-day option to purchase up to an additional 7,830,000 units at the initial public offering price to cover over-allotments.Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of units, 522,000,000 or 10.00 per unit sold in the public offering was placed in trust. An audited balance sheet of the Company as of August 4, 2020 reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission.The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from Cantor Fitzgerald Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email: or from Mizuho Securities USA LLC, Attention: Equity Capital Markets, 1271 Avenue of the Americas, 3rd Floor, New York, NY 10020.A registration statement relating to these securities has been filed with, and declared effective by, the Securities and Exchange Commission on July 30, 2020. 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.FORWARD-LOOKING STATEMENTSThis press release contains statements that constitute forward-looking statements, including with respect to the initial public offering and the anticipated use of the net proceeds. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Companys registration statement and prospectus for the offering filed with the Securities and Exchange Commission SEC. Copies are available on the SECs website, The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.ContactJeff Clarke Guy Gecht E.Merge Technology Acquisition Corp. 619 736-6855 