Acies Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants
December 10 2020 - 8:55AM
Business Wire
Acies Acquisition Corp. (NASDAQ: ACACU, the “Company”) announced
today that, commencing December 11, 2020, holders of the 21,525,000
units sold in the Company’s initial public offering may elect to
separately trade the Company’s Class A ordinary shares and warrants
included in the units. Class A ordinary shares and warrants that
are separated will trade on The Nasdaq Capital Market under the
symbols “ACAC” and “ACACW,” respectively. No fractional warrants
will be issued upon separation of the units and only whole warrants
will trade. Those units not separated will continue to trade on The
Nasdaq Capital Market under the symbol “ACACU.” 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 Class A ordinary shares and warrants.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
October 22, 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 an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Acies Acquisition Corp.
The Company is a newly organized blank check company, formed for
the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. While the Company has not
selected any potential business combination target, it is focused
on identifying a business combination target within the live,
location-based and mobile experiential entertainment industries.
Specific sectors that the Company will target span live events,
family entertainment, casino gaming, destination hospitality,
sports, sports betting and iGaming, and social and casual mobile
games. The Company plans on pursuing both consumer-facing operators
as well as the business-to-business platforms that support them.
While predominantly focused on the U.S., the Company’s search may
expand to international markets.
Forward-Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements are subject to risks and uncertainties, which could
cause actual results to differ from the forward-looking statements.
The Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based, except
as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20201210005596/en/
Doug Donsky, ICR Inc. P: (646) 677-1844 Email:
AciesPR@icrinc.com
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