Boxwood Merger Corp. Common Stock and Warrants to Commence Trading Separately on January 7, 2019
January 04 2019 - 5:40PM
Business Wire
Boxwood Merger Corp. (the “Company”) (NASDAQ: BWMCU) announced
today that the holders of the Company’s units may elect to
separately trade the Class A common stock and warrants underlying
the units commencing January 7, 2019. Those units that are not
separated will continue to trade on the NASDAQ Capital Market under
the symbol “BWMCU” and the common stock and the warrants are
expected to trade under the symbols “BWMC” and “BWMCW,”
respectively.
Boxwood Merger 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. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus its search on companies that provide
technical and industrial services. The Company is led by Chairman
and Chief Executive Officer Stephen M. Kadenacy, Chief Financial
Officer Daniel E. Esters and Chief Investment Officer Duncan
Murdoch.
The units were initially offered by the Company in an
underwritten offering. BofA Merrill Lynch, Morgan Stanley and
Macquarie Capital acted as joint book-running managers and
I-Bankers Securities, Inc. acted as co-manager of the offering.
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. A copy of
the final prospectus relating to the offering may be obtained for
free by visiting the U.S. Securities and Exchange Commission
website at http://www.sec.gov. Alternatively, a copy of the
prospectus related to the offering may be obtained from Morgan
Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY
10014, Attention: Prospectus Department; BofA Merrill Lynch,
NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC
28255-0001, Attention: Prospectus Department or by email at
dg.prospectus_requests@baml.com; and Macquarie Capital (USA) Inc.,
125 West 55th Street, L-22, New York, NY 10019, Attention:
Syndicate Department, telephone: 212-231-0440, or by emailing:
MacquarieEquitySyndicateUSA@macquarie.com.
A registration statement relating to the units and the
underlying securities was declared effective by the Securities and
Exchange Commission on November 15, 2018. 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.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated timing of separate trading of the units.
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 offering filed with the
Securities and Exchange Commission (“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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190104005520/en/
Daniel E. Estersdan.esters@boxwoodmc.com
Boxwood Merger (NASDAQ:BWMCU)
Historical Stock Chart
From Mar 2024 to Apr 2024
Boxwood Merger (NASDAQ:BWMCU)
Historical Stock Chart
From Apr 2023 to Apr 2024