Star Peak Energy Transition Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Warrants Commencin...
October 07 2020 - 8:10AM
Star Peak Energy Transition Corp. (NYSE: STPK.U)
(the “Company”) announced that, commencing October 8, 2020,
holders of the units sold in the Company’s initial public offering
of 38,358,504 units, completed on August 20, 2020, may elect to
separately trade the shares of Class A common stock and warrants
included in the units. Those units not separated will continue to
trade on the New York Stock Exchange (“NYSE”) under the symbol
“STPK.U,” and the shares of Class A common stock and warrants that
are separated will trade on the NYSE under the symbols “STPK” and
“STPK 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 units were initially offered by the Company in an
underwritten offering. Credit Suisse Securities (USA) LLC and
Goldman Sachs & Co. LLC acted as book running managers for the
offering. A registration statement relating to the units and the
underlying securities was declared effective by the Securities and
Exchange Commission (the “SEC”) on August 17, 2020.
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 only by means of a prospectus, copies of which may be obtained
from Credit Suisse Securities (USA) LLC, Attn: Prospectus
Department, 6933 Louis Stephens Drive, Morrisville, North Carolina
27560, telephone: (800) 221-1037 or
email: usa.prospectus@credit-suisse.com, or Goldman Sachs
& Co. LLC, Attn: Prospectus Department, 200 West Street, New
York, New York 10282, telephone: (212) 902-1171 or
email: prospectus-ny@ny.email.gs.com.
About Star Peak Energy Transition
Corp.
The Company is a newly organized blank check company
incorporated in Delaware for the purpose of effecting a merger,
capital stock exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses. The Company has not yet selected any specific business
combination target.
For more information, please contact
Eric ScheyerChief Executive OfficerInfo@starpeakcorp.com
Forward-Looking Statements
This press release 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. All 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,”
“estimate,” “expect,” “intend” 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 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 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.
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