STAMFORD, Conn.--(BUSINESS WIRE)--Oyster Enterprises Acquisition Corp. announced today that it priced its initial public offering of 20,000,000 units at $10.00 per unit.

The units have been approved for listing on the Nasdaq Capital Market under the symbol “OSTRU” and are expected to begin trading on Nasdaq on January 20, 2021. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one share of the Company’s Class A common stock at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable. Once the securities constituting the units begin separate trading, the Class A common stock and the warrants are expected to be listed on Nasdaq under the symbols “OSTR” and “OSTRW,” respectively.

The offering is expected to close on January 22, 2021, subject to customary closing conditions.

Imperial Capital, LLC and I-Bankers Securities, Inc. are acting as joint book-running managers of the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units to cover over-allotments, if any.