Capitol Investment Corp. V, a public investment vehicle formed by Mark D. Ein and L. Dyson Dryden, announced today the closing of its initial public offering of 34,500,000 units on December 4, 2020, which included the full exercise of the underwriters' over-allotment option, at a price of $10.00 per unit, resulting in aggregate gross proceeds of $345,000,000. Each unit consists of one share of the Company's Class A common stock and one third of one warrant, each whole warrant entitling the holder thereof to purchase one share of the Company's Class A common stock at an exercise price of $11.50.

The units trade on the New York Stock Exchange (the "NYSE") under the symbol "CAP.U." After the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols "CAP" and "CAP WS," respectively. No fractional warrants will be issued upon separation of the units, and only whole warrants will trade.

The Company was formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. The Company's efforts to identify a prospective target business will not be limited to a particular industry or geographic region.

The Company is led by Chairman and Chief Executive Officer, Mark D. Ein, and President and Chief Financial Officer, L. Dyson Dryden. The Capitol team has raised $1.53 billion in five SPACs since 2007 and closed four SPAC mergers.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC served as joint book-running managers of the offering.