Corner Growth Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares & Warrants Commencing February ...
February 08 2021 - 8:30AM
Business Wire
Corner Growth Acquisition Corp. (NASDAQ: COOLU) (the “Company”)
announced that, commencing February 8, 2021, holders of the units
sold in the Company’s initial public offering of 40,000,000 units,
completed on December 21, 2020, may elect to separately trade the
Class A ordinary shares and warrants included in the units. Any
units not separated will continue to trade on The Nasdaq Capital
Market (the “Nasdaq”) under the symbol “COOLU,” and the separated
Class A ordinary shares and warrants are expected to trade on the
Nasdaq under the symbols “COOL” and “COOLW,” respectively. No
fractional warrants will be issued upon separation of the units and
only whole warrants will trade. Unitholders 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. Cantor Fitzgerald & Co. acted as sole
book-running manager of 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
December 16, 2020.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, 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.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
“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 final prospectus relating
to the Company’s 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210208005070/en/
Company Contact: Kevin Tanaka Director of Corporate
Development Corner Growth Acquisition Corp.
kevin@cornercapitalgroup.com Media Contact: Brian Ruby ICR
Brian.ruby@icrinc.com
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