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Double Eagle Acquisition Corp. Prices $500 Mln IPO

Double Eagle Acquisition Corp. on Monday announced the pricing of a $500 million initial public offering of 50 million units at $10.00 per unit, including $20 million, or 2 million units, to be sold pursuant to the underwriters' partial exercise of their over-allotment option.

Each unit issued in the IPO consists of one Class A ordinary share and one warrant to purchase one half of one Class A ordinary share at an exercise price of $5.75 per half share.

The units are listed on the NASDAQ Capital Market and trade under the ticker symbol "EAGLU." Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NASDAQ Capital Market under the symbols "EAGL" and "EAGLW," respectively.

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