NEW YORK, Sept. 9, 2021 /PRNewswire/ - Portage Fintech
Acquisition Corporation (Nasdaq: PFTAU) (the "Company") today
announced that, commencing September 10,
2021, holders of the units sold in the Company's initial
public offering of 25,911,379 units (including 1,911,379 units sold
in connection with the partial exercise of the underwriter's
over-allotment option) may elect to separately trade the
Class A ordinary shares and warrants included in the units.
Those units not separated will continue to trade on the Nasdaq
Capital Market ("Nasdaq") under the symbol "PFTAU," and the
Class A ordinary shares and warrants that are separated will
trade on Nasdaq under the symbols "PFTA" and "PFTAW," respectively.
No fractional warrants will be issued upon separation of the units
and only whole warrants will trade. Holders of the 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 Class A ordinary shares and warrants.
The units were initially offered by the Company in an
underwritten offering with Goldman Sachs & Co. LLC, BTIG, LLC,
and Scotia Capital (USA) Inc.
acting as joint book-running managers for the offering with SoFi
Securities, LLC serving as co-manager. A registration statement
relating to the units and the underlying securities was declared
effective by the Securities and Exchange Commission (the "SEC") on
July 20, 2021.
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. The offering was
made in the United States only by
means of a prospectus, copies of which may be obtained by
contacting Goldman Sachs & Co. LLC, Attention: Prospectus
Department, 200 West Street, New York,
New York 10282, or by telephone at (866) 471-2526, or by
email at prospectus-ny@ny.email.gs.com and BTIG, LLC, 65 East 55th
Street, New York, NY, 10022, by
email at ProspectusDelivery@btig.com. Copies of the prospectus may
also be obtained for free by visiting EDGAR on the Securities and
Exchange Commission's (the "SEC") website at www.sec.gov.
Forward-Looking Statements
This press release includes "forward-looking statements",
including with respect to the anticipated separation of the units
into Class A ordinary shares and warrants. No assurance can be
given that the units will be separated 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 and prospectus relating to 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.
About Portage Fintech Acquisition Corporation
Portage Fintech Acquisition Corporation (the "Company") is a
newly organized blank check company sponsored by PFTA I LP. The
Company's sponsor is affiliated with Portage Ventures ("Portage"),
a global FinTech-focused venture capital platform. Portage is an
affiliate of a multi-strategy alternative asset manager, Sagard
Holdings Inc. ("Sagard"), with professionals located in
Canada, the US, Europe, and Asia.
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SOURCE Portage Fintech Acquisition Corporation