Insight Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing October 25, 2021
20 Octobre 2021 - 10:15PM
Insight Acquisition Corp. (NYSE: INAQ.U) (the “Company”) today
announced that, commencing October 25, 2021, 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.
No fractional warrants will be issued upon separation of the
units and only whole warrants will trade. The shares of Class A
common stock and warrants that are separated will trade on the New
York Stock Exchange under the symbols “INAQ” and “INAQ WS,”
respectively. Those units not separated will continue to trade on
the New York Stock Exchange under the symbol “INAQ.U.” 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.
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 Insight Acquisition Corp.
Insight Acquisition Corp. 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. The Company intends to
focus on businesses in the FinTech or financial services industry
with an enterprise value of approximately $750 million to $1.5
billion, with particular emphasis on businesses that are providing
or changing technology for traditional financial services
(“FinTech”), those in the wealth, investment, asset management and
insurance sectors, or certain types of technology companies that
provide services to the FinTech or financial services
companies.
Forward Looking-Statements
This press release may contain statements that constitute
“forward-looking statements,” including with respect to our search
for an initial business combination and the financing thereof, and
related matters, as well as all other statements other than
statements of historical fact included in this press release. 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”).
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.
Contact
Cody SlachGateway Investor
Relations(949) 574-3860 INAQ@gatewayir.com
Insight Acquisition (NYSE:INAQ)
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