CIIG Merger Corp. Announces Separate Trading of its Class A Common Stock and Warrants, Commencing February 3, 2020
31 Janvier 2020 - 12:49PM
CIIG Merger Corp. (Nasdaq: CIICU) (the “Company”) announced today
that, commencing February 3, 2020, holders of the 25,875,000 units
sold in the Company’s initial public offering may elect to
separately trade the shares of the Company’s Class A common stock
and warrants included in the units. The Class A common stock and
warrants that are separated will trade on The Nasdaq Capital Market
under the symbols “CIIC” and “CIIC W,” respectively. No fractional
warrants will be issued upon separation of the units and only whole
warrants will trade. Those units not separated will continue to
trade on The Nasdaq Capital Markets under the symbol “CIICU.”
Holders of units will need to have their brokers contact
Continental Stock Transfer & Trust Company, the Company's
transfer agent, in order to separate the units into shares of Class
A common stock and warrants.
The units were initially offered by the Company in an
underwritten offering. UBS Investment Bank and Barclays acted as
the joint book-running managers for the offering. A registration
statement relating to these securities was declared effective by
the Securities and Exchange Commission (the “SEC”) on December 12,
2019. 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
an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. The offering was made only by means of a
prospectus, copies of which may be obtained for free by visiting
the SEC’s website at http://www.sec.gov. Alternatively, copies of
the prospectus may be obtained from UBS Securities LLC, Attn:
Prospectus Department, 1285 Avenue of the Americas, New York, NY
10019, telephone: (888) 827-7275 or email:
ol-prospectusrequest@ubs.com; and Barclays, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York
11717, email: barclaysprospectus@broadridge.com, tel: (888)
603-5847.
ABOUT CIIG MERGER CORP.
The Company is a blank check company 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. While CIIG may pursue an initial business
combination target in any business or industry, it intends to focus
its search on companies in the technology, media and telecom
industries. CIIG is led by Chairman and Chief Executive Officer,
Peter Cuneo, Chief Investment Officer, Michael Minnick, and Chief
Operating Officer, Gavin Cuneo. CIIG’s independent directors
include David Flowers, Kristen O’Hara, Chris Rogers and Kenneth
West.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements.” 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 and final
prospectus for the offering filed with the SEC. Copies are
available on the SEC’s website, www.sec.gov. The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by
law.
Contact
CIIG Merger Corp.
info@ciigcorp.com
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