HighCape Capital Acquisition Corp. Announces Closing of $115 Million Initial Public Offering

New York, – September 9, 2020 – HighCape Capital Acquisition Corp. (the “Company”) today announced the
closing of its initial public offering of 11,500,000 units at a price of $10.00 per unit, including 1,500,000 units
issued pursuant to the exercise by the underwriter of its over-allotment option in full. The units are listed on
the Nasdaq Capital Market (“Nasdaq”) and began trading under the ticker symbol “CAPAU” on September 4,
2020. Each unit consists of one share of Class A common stock and one-third of one redeemable warrant, with
each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share.
After the securities comprising the units begin separate trading, the shares of Class A common stock and
warrants are expected to be listed on Nasdaq under the symbols “CAPA” and “CAPAW,” respectively.

HighCape Capital Acquisition Corp. is a blank check company whose business purpose is to effect a merger,
capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with
one or more businesses. While the Company may pursue an initial business combination target in any industry
or geographic region, the Company intends to focus its search for an initial business combination on businesses
in the life sciences and life sciences related industries.

Cantor Fitzgerald & Co. acted as the sole bookrunner for the offering.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange
Commission (the “SEC”) on September 3, 2020. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws
of any such state or jurisdiction.

The offering is being made only by means of a prospectus. Copies of the prospectus relating to the offering
may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor, New
York, New York 10022; Email:

Forward Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect
to the initial public offering and search for an initial business combination. No assurance can be given that the
proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company, including those set forth in the Risk
Factors section of the Company’s registration statement for the initial public offering filed with the SEC.
Copies are available on the SEC’s website, The Company undertakes no obligation to update
these statements for revisions or changes after the date of this release, except as required by law.

Investor Contact:  Matt Zuga
                   Chief Financial Officer
                   +1 (646) 793-3510


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