Ventoux CCM Acquisition Corp. Announces Closing of Over-Allotment Option in Connection with its Initial Public Offering

NEW YORK, Jan. 5, 2021 /PRNewswire/ -- Ventoux CCM Acquisition Corp. (the "Company") announced today that the underwriters in its initial public offering, pursuant to the terms of the underwriting agreement, exercised their over-allotment option in full and, on January 5, 2021, purchased 2,250,000 units at a price of $10.00 per unit, generating additional gross proceeds of $22,500,000. The units are listed on The Nasdaq Capital Market ("Nasdaq"), and began trading under the ticker symbol "VTAQU" on December 24, 2020. Each unit consists of one share of common stock, par value $0.0001, one right and one redeemable warrant. Each right entitles the holder thereof to receive one-twentieth (1/20) of one share of common stock upon the consummation of an initial business combination. Each warrant entitles the holder thereof to purchase one-half of one share of common stock at a price of $11.50 per whole share. Once the securities comprising the units begin separate trading, the shares of common stock, rights and warrants are expected to trade on Nasdaq under the symbols "VTAQ," "VTAQR" and "VTAQW," respectively.

Chardan acted as sole book-running manager of the offering.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on December 23, 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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Chardan, 17 State Street, 21st Floor, New York, New York 10004. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.

About Ventoux CCM Acquisition Corp.

Ventoux CCM Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. While Ventoux CCM Acquisition Corp. may pursue an initial business combination in any region or sector, it intends to focus our efforts on businesses in North America within the hospitality, leisure, travel and dining sectors with an emphasis on consumer branded businesses that have attractive growth characteristics. In addition, Ventoux CCM Acquisition Corp. intends to pursue technology companies operating in these sectors, such as business and consumer services and infrastructure.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company's initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contact:

Ed Scheetz
Chairman and CEO, Ventoux CCM Acquisition Corp.
[email protected]

SOURCE Ventoux CCM Acquisition Corp.