NEW YORK, Feb. 17, 2021 /PRNewswire/ -- Kingswood
Acquisition Corp. announced today that holders of the units sold in
the Company's initial public offering of 11,500,000 units completed
on November 24, 2020 (the "offering")
may elect to separately trade the shares of Class A common stock
and warrants included in the units commencing on or about
February 17, 2021. Any units not
separated will continue to trade on The New York Stock Exchange
(the "NYSE") under the symbol "KWAC.U", and each of the shares of
Class A common stock and warrants will separately trade on the NYSE
under the symbols KWAC" and "KWAC WS," respectively. 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 offering was made only by means of a prospectus. Copies of
the prospectus related to this offering may be obtained from
Oppenheimer & Co. Inc. at 85 Broad St., New York, NY 10004.
A registration statement relating to the securities was declared
effective by the Securities and Exchange Commission ("SEC") on
November 19, 2020. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy any securities, 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 KWAC
Kingswood Acquisition Corp. is a blank check company, also
commonly referred to as a special purpose acquisition company, or
SPAC, formed for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses or entities. The
Company intends to identify a target business in the financial
services industry with a focus on delivering differentiated
financial services in the wealth management, financial advisory and
investment management sectors to the mass affluent and private
client investor community. Kingswood Acquisition Corp. is led by
Gary Wilder, Group CEO of Kingswood
(AIM: KWG) and Executive Chairman of Kingswood US, who serves as
Executive Chairman and Director, and Michael Nessim, President of Kingswood US and
CEO of Benchmark Investments, who serves as CEO and Director.
Kingswood Acquisition Corp.'s Board of Directors includes
Larry Roth, managing partner of RLR
Strategic Partners LLC, a consulting firm to senior management
teams, boards of directors and advisory boards of wealth management
firms and former Chief Executive Officer of Cetera Financial
Group.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the search
for an initial business combination. 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, 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.
Contacts
For media:
Joseph Kuo / Andrew Wang
Haven Tower Group
424-317-4851 or 424-317-4859
jkuo@haventower.com or awang@haventower.com
For investors:
Gary Wilder
Executive Chairman
Kingswood Acquisition Corp.
+447770337995
gary.wilder@moorparkcapital.com
Michael Nessim
Chief Executive Officer
Kingswood Acquisition Corp.
917-848-0971
mnessim@benchmarkinvestments.com
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SOURCE Kingswood Acquisition Corp.