OTR Acquisition Corp. Announces the Separate Trading of Its Class A Common Stock and Warrants, Commencing December 10, 2020
08 Décembre 2020 - 11:00PM
Business Wire
OTR Acquisition Corp. (Nasdaq: OTRAU) (the “Company”) announced
that, commencing December 10, 2020, holders of the units sold in
the Company’s initial public offering may elect to separately trade
shares of the Company’s Class A common stock and warrants included
in the units. Class A common stock and warrants that are separated
will trade on the Nasdaq Capital Market under the symbols “OTRA”
and “OTRAW,” respectively. Those units not separated will continue
to trade on the Nasdaq Capital Market under the symbol “OTRAU.”
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, 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.
About OTR Acquisition Corp.
OTR Acquisition Corp. is a newly organized 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 it
may pursue an initial business combination target in any business,
industry or geographical location, it intends to focus its search
on target businesses with enterprise values of approximately $500
million to $2.5 billion. The Company is sponsored by OTR
Acquisition Sponsor LLC, an affiliate of investor and entrepreneur
Nicholas J. Singer and Purchase Capital.
Forward-Looking Statements
This press release may include, and oral statements made from
time to time by representatives of the Company may include,
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Statements regarding
possible business combinations and the financing thereof, and
related matters, as well as all other statements other than
statements of historical fact included in this press release are
forward-looking statements. When used in this press release, words
such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “would” and similar
expressions, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the Securities and Exchange
Commission (“SEC”). All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. 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 prospectus for the Company’s
initial public offering filed with the SEC. The Company undertakes
no obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20201208006138/en/
Melanie Gounardes 914-844-5537 mgounardes@prosek.com
OTR Acquisition (NASDAQ:OTRAU)
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