One Equity Partners Open Water I Corp., a blank check company sponsored by affiliates of private equity firm One Equity Partners and 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, has announced the pricing of its initial public offering of 30,000,000 units at a price of $10.00 per unit

The units will be listed on the Nasdaq, trading under the ticker symbol OEPW.U beginning January 22. Each unit consists of one share of Class A common stock of the company and one-third of one warrant. Each whole warrant entitles the holder to purchase one share of Class A common stock of the company at a price of $11.50 per share, subject to adjustment, and only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the Nasdaq under the symbols OEPW and OEPWW, respectively.

The offering, which is being made only by means of a prospectus, is expected to close on January 26, 2021, subject to customary closing conditions.

Credit Suisse Securities LLC and RBC Capital Markets LLC are acting as book running managers for the offering. The company has granted the underwriters a 45-day option to purchase on a pro rata basis up to 4,500,000 additional units at the initial public offering price, less the underwriting discounts and commissions. The options may be exercised only to cover any over-allotments of units.