Rosecliff is led by CEO and board member Michael Murphy, who founded the sponsor company in 2016. In 2016, Mr. Murphy founded Rosecliff and has served as its Managing Partner since its inception. Mr. Zimmerman earned a Bachelor of Arts in Advertising and an MBA from the University of South Florida and was awarded an honorary Doctorate of Business Administration from Nova Southeastern University. The company offered 2. As Head of Trading, Mr. Goodwin was responsible for managing King Streets twenty traders. The firm. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. Each committee will operate under a charter that will be approved by our board of directors and will have the composition and responsibilities described below. All compensation will be fully disclosed to stockholders, to the extent then known, in the tender offer materials or proxy solicitation materials furnished to our stockholders in connection with a proposed business combination. Zero shares available to short currently in $RCLF. Number, Terms of Office and Election of Directors and Officers Upon the effectiveness of the registration statement of which this prospectus forms a part, we expect that our board of directors will consist of four members. Gett still expects to reach profitability later this year and seek a public listing in 2023, although it is unclear if this might involve a SPAC once again. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. While at CoStar, Mr. Radecki oversaw or played a major role in CoStars accounting and finance operations in the U.S. and U.K. from internal audit, tax and budgeting to SEC reporting, Sarbanes-Oxley compliance and due diligence. Each unit will consist of one share of common stock and one-third of a warrant, exercisable at $11.50. Over the past four years, Rosecliff has made over 80 investments, raised over $800 million in assets under management, launched seven investment funds and experienced multiple portfolio company exits. Rosecliff Acquisition Corp I (NASDAQ: RCLFU) (NASDAQ: RCLF) raised $253 million in an IPO and invests in rapidly growing companies creating disruptive techno. Israeli-founded ride-hailing startup Gett announced last week that it will enter into a definitive agreement to merge with Rosecliff Acquisition I, a special purpose acquisition company (SPAC), to go public on the NASDAQ. 500 Startups is a leading global venture capital fund and startup accelerator. Wheels Up provides private aviation options with flexible benefits and travel routes. Commencing on the date that our securities are first listed on Nasdaq through the earlier of consummation of our initial business combination and our liquidation, pursuant to a support services agreement we will enter into with our sponsor, we will pay our sponsor a total of $10,000 per month for office, support and administrative services. Rosecliff Acquisitionintends to focus on identifying high growth technology and tech-enabledbusinesses domestically in industries that are being disrupted by advances in technology and on technology paradigms. This offering is expected to close on Wednesday, February 17. . After working approximately 20 years at public companies, Mr. Radecki retired in 2016 from CoStar Group Inc. (CoStar) (NASDAQ: CSGP), a provider of commercial real estate information, analytics and online marketplaces, where he held several senior operational and financial roles over 18 years, including Executive Vice President, Chief Financial Officer and VP of Research Operations (the Companys largest operating area). Our bylaws provide that our officers may consist of a Chief Executive Officer, a President, a Chief Financial Officer, Vice Presidents, a Secretary, Assistant Secretaries, a Treasurer and such other offices as may be determined by the board of directors. We had two guests that did a great job explaining the state of the private market industry. GETT Merging with Rosecliff Acquisition in $1B Deal, HPX Borrows $410K From Sponsor as it Works on Ambipar Deal, Giant Oak Acquisition Chops Deal Size in Half Ahead of $100M IPO, Jack Creek Investment Sidelines Bridger Vote to Propose 1-Month Extension, Instead, CC Neuberger III Files Proxy for Merger Extension, Deal-Needy SPAC Sponsors Flock to Tiny Tie-Ups as Clock Ticks, SEC Plans to Finalize Two Dozen Rules in 2023, SPAC Defenders Fear Professors Victory Means Lawsuit Gold Rush, OCA AcquisitionRedemptions Hit 76% Ahead of Tomorrows Extension Vote, Industrial Tech Acquisitions Shareholders Approve Arbe Robotics Deal, B. Riley and Eos Complete Business Combination, Canaccord Genuity Growth II Merging with Electric Jetski Company Taiga Motors, Bitcoin Mining Operator SAITECH Merging with TradeUP Global in $228M Deal. Mr. Murphy began his investing career over 25 years ago. The company offered 2 million more units than anticipated. Jordan Zimmerman has served as our President and a member of our Board of Directors since our inception. $RCLF / Rosecliff Acquisition Corp I files form 10-Q https://fintel.io/sf/us/rclf?utm_source=stocktwits.com&utm_medium=Referral&utm_campaign=filing, $RCLF just filed a 10-Q Quarterly Report with 6 financial statements and 27 disclosures. Stay informed on the latest daily SPAC news. The members of our audit committee will be Brian Radecki, Frank S. Edmonds and Michael Murphy. Type a symbol or company name. Zimmerman Advertising has worked with highly recognizable and successful businesses in the consumer sector, such as Nissan, McDonalds, Dunkin Donuts, Five Below, Party City, Kay Jewelers, AutoNation, Michaels, Advance America, TBC/Tire Kingdom, Office Depot, and Carfax. Rosecliff Acquisitionwas founded in 2020 and plans to list on the Nasdaq under the symbol RCLF.U. Allbirds to Sell Wool and Tree-Based Workout Clothes, Taking on Nike and Lululemon. Written by Before joining CoStar, Mr. Radecki worked at Axent Technologies, Inc. (Nasdaq: AXNT), an international security software company; Azerty, Inc. and the public accounting firm, Lumsden & McCormick, LLP, both based in Buffalo, NY. Rosecliff Acquisition Corp I (NASDAQ:RCLF) announced this morning that it has mutually terminated its combination with ground transport management company Gett after a review of market conditions. The combined company may trade on the either Volta Inc. (NYSE:VLTA), which completed a combination with Tortoise Acquisition Corp. IIin August 2021, announced this morning that it has agreed to be acquired by Shell, a subsidiary of Shell plc (NYSE: SHEL),in an all-cash transaction at $0.86 per share. Phone: (212) 492-3000, Email: contact@rosecliff.com Address: 245 5th Avenue, Floor 14, New York, NY 10016 Written by Currently, Mr. Murphy is a regular contributor on Fox Network and makes appearances each week on Varney & Co, Mornings with Maria & Cavuto. For Days Fashion Brand Will Take Back Any Piece of Clothing at Any Time for Any Reason. DealFlow Financial Products, Inc. (d/b/a DealFlow Events). We are not party to any agreements with our directors and officers that provide for benefits upon termination of employment. Prior to King Street, Mr. Edmonds was a research analyst at Oak Hill Advisors. Type a symbol or company name. Please feel free to [], Last week, I was invited to speak at the 500 Startups headquarters in San Francisco. The deal values the combined company at $1.1 billion. Jack & I are both small [], PLEASE WATCH VIDEO CLIP ABOVE Rosecliff is proud to be partnered with NYU and their first EdTech Accelerator program. Type a symbol or company name. We believe Mr. Radeckis qualifications to serve on our board of directors include his extensive experience working at public companies in senior level operational, business development, accounting and financial roles, coupled with his substantial experience as a private angel investor, entrepreneur and advisor to organizations and executives, along with his track record in deal making and capital markets. Redemptions ahead of the vote appear to have wiped out roughly 77% of the SPAC's cash in trust. He has over 20 years of experience building both small private and large public companies. Thirty Madison is a human-first healthcare company bringing specialized care and treatment to everyone. Type a symbol or company name. Highly respected within the advertising world, Mr. Zimmerman is often asked to address industry groups and participate in panel discussions across the country. $RCLF SEC Form SC 13G filed by Rosecliff Acquisition Corp I Latest SPAC News: Grab revealed as top food delivery player in ASEAN despite slowing growth, SomaLogic reduces staff, and DL E&C, Doosan invest $25M in X-Energy Grab tightens ASEAN food delivery grip despite slowing growth Singapore-based Ross Acquisition Corp. II (NYSE:ROSS) has entered into a definitive agreement to combine with drug developer APRINOIA at an enterprise value of $319.6 million. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Founded in 2016, Rosecliff Venture Partners is a venture capital firm based in New York, New York. Posted August 15 in Press. Our audit committee will review on a quarterly basis all payments that were made by us to our sponsor, directors, officers or our or any of their respective affiliates. Our board has determined that each of Brian Radecki and Frank S. Edmonds is an independent director under applicable SEC and Nasdaq listing rules. Rosecliff is a diversified investment management firm based in New York City. USD, Gett Appoints Chief Information Security Officer, Forrester Consulting Total Economic Impact' Study Finds Gett Delivers 162% Return on Investment, Gett to Appoint Enterprise Software Veteran Ruth Sun to Board of Directors to scale industry-leading GTM platform, Gett's B2B Marketplace Passes Major Milestone Surpassing 2,000 Fleets to Cover Ground Transportation Demand, Gett's Ground Transportation Management Platform Enables Enhanced Passenger Safety Protocols, SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of Rosecliff Acquisition Corp I with GT Gettaxi Limited, Gett to Go Public Through $1.1B SPAC Merger. Read more. 45 seconds delayed. We took part in co-leading the funding round with QB1 Ventures, a venture capital firm led by Alex and Henry Swieca. Renaissance Capital->. Get your FREE TRIAL now. Will Facebook Be the First Trillion DollarCompany? Reinventing credit for the mobile generation. The Petal Card is the solution for the underserved millennial credit card market. During 2014, he led and raised nearly $1.1 billion of debt and equity. Also, Mr. Radecki was named the Washington Business Journals CFO of the Year in the large company category for 2012. Rosecliff Acquisition Corp I does not have significant operations. Officer and Director Compensation None of our directors or officers has received directly from us any cash compensation for services rendered to us. Heres Why. Upon the effectiveness of the registration statement of which this prospectus forms a part, we expect to have two independent directors as defined in the Nasdaq listing rules and applicable SEC rules prior to completion of this offering. Subject to phase-in rules, the Nasdaq listing rules and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors, and the Nasdaq listing rules require that the compensation committee and the nominating and corporate governance committee of a listed company be comprised solely of independent directors. We will seek to invest predominately in venture and growth equity opportunities. These provisions of our amended and restated certificate of incorporation may only be amended if approved by holders of a majority of at least 90% of the issued and outstanding shares of our common stock voting at a stockholder meeting. Want To Join The Rosecliff Ventures InvestmentTeam? Estimated cash proceeds from the transaction are expected to consist of TradeUP Global's$44.9million of cash in trust (assuming no redemptions). Let us know. $RCLF Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. Kieran Goodwin has served as our Chief Financial Officer since our inception. We took part in co-leading the funding round with QB1 Ventures, a venture capital firm led by Alex and Henry Swieca. We believe this is an incredible opportunity to collaborate with a . In addition, our sponsor, directors and officers, or any of their respective affiliates, will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Rosecliff Ventures Leads $1.5m Investment Round In EdTech Startup,YellowDig. SPAC Rosecliff Acquisition Corp. (RCLFU) and Gett, which operates a ground transportation management technology platform, have agreed to terminate their proposed merger, citing. Rosecliff Acquisition I, a blank check company backed by Rosecliff Venture Management targeting technology, raised $220 million by offering 22 million units at $10. Named The Worlds Most Comfortable Shoe by TIME Magazine, Allbirds shoes are soft, lightweight, breathable, and fit your every move. Mr. Zimmerman currently serves as the Chairman and Founder of Zimmerman Advertising, which he founded in 1984. This is a very exciting time, and a true accomplishment. The SPAC is focused on the travel and transportation sectors, and plans to list on the Nasdaq under TVACU. Directions Advertisement. $RCLF Form SC 13G (statement of acquisition of beneficial ownership by individuals) filed with the SEC Typically, a SPAC, a blank-cheque company that raises money through initial public offerings (IPOs) and merges with firms by enticing them with shorter listing timelines, will issue shares at $10. Renaissance Capital LLC is an SEC-registered investment adviser. We believe that Mr. Murphys significant investment experience, contacts and relationships make him well qualified to serve as a member of our board of directors. Create your Watchlist to save your favorite quotes on Nasdaq.com. The start date will be Fall 2016. BTIG is the sole bookrunner on the deal. Any compensation to be paid to our officers after the completion of our initial business combination will be determined by a compensation committee constituted solely by independent directors. PO Box 122Syosset, NY 11791(516) 876-8006team@dealflowevents.com. Rosecliff is a diversified investment management firm based in New York City. Rosecliff Acquisition I plans to list on the Nasdaq under the symbol RCLFU. With the belief that existing programs within the industry are antiquated, Wheels Up was founded by Bill Allard and current CEO Kenny Dichter to bring the best parts of private aviation to a new group of consumers. The New York, NY-based company plans to raise $200 million by offering 20 million units at $10. Under the Nasdaq listing standards and applicable SEC rules, we are required to have at least three members of the audit committee, all of whom must be independent, subject to certain phase-in provisions. Rosecliff Acquisition I, a blank check company backed by Rosecliff Venture Management targeting technology, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering. Each member of the audit committee is financially literate and our board of directors has determined that qualifies as an audit committee financial expert as defined in applicable SEC rules and has accounting or related financial management expertise. At the proposed deal size, Rosecliff Acquisition would command a market value of $250 million. http://video.foxbusiness.com/v/5116766044001/facebook-on-track-to-be-first-1t-company/?#sp=show-clips. Rosecliff Ventures is a private equity firm investing in enterprises and innovative companies that have substantial growth potential. Rosecliff I, a Tech SPAC, Files for $200M IPO, HPX Borrows $410K From Sponsor as it Works on Ambipar Deal, Giant Oak Acquisition Chops Deal Size in Half Ahead of $100M IPO, Jack Creek Investment Sidelines Bridger Vote to Propose 1-Month Extension, Instead, CC Neuberger III Files Proxy for Merger Extension, Deal-Needy SPAC Sponsors Flock to Tiny Tie-Ups as Clock Ticks, SEC Plans to Finalize Two Dozen Rules in 2023, SPAC Defenders Fear Professors Victory Means Lawsuit Gold Rush, OCA AcquisitionRedemptions Hit 76% Ahead of Tomorrows Extension Vote, Novus Capital II Rolls Another $50M into Energy Vault PIPE, Tailwind International Acquisition Prices Upsized $300M IPO. Stay informed daily on the latest SPAC news. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned. Because, Global Partner II also disclosed Rosecliff Acquisition Corp I (RCLF) Terminates Gett Deal, The Latest SPAC News and Rumors: January 18, 2023, Ross Acquisition Corp. II (ROSS) to Combine with APRINOIA Therapeutics in $319M Deal, Volta Inc. (VLTA) to Be Acquired by Shell USA for $0.86 Per Share, Ares Acquisition Corporation (AAC) Pushes Extension Vote to Feb. 2, Global Partner Acquisition Corp. II (GPAC) Transfers Sponsor Control. [Read more] Industry Blank Check / SPAC Committees of the Board of Directors Upon the effective date of the registration statement of which this prospectus forms a part, our board of directors will have three standing committees: an audit committee; a compensation committee; and a nominating and corporate governance committee. . Mr. Radecki and Mr. Edmonds will meet the independent director standard under Nasdaq listing standards and under Rule 10-A-3(b)(1) of the Exchange Act but Mr. Murphy will not meet such standards. 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