DTRT Health Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants Commencing October 25, 2021
October 22 2021 - 3:15PM
Business Wire
DTRT Health Acquisition Corp. (NASDAQ: DTRTU) (“DTRT” or the
“Company”) announced that, commencing October 25, 2021, holders of
the 23,000,000 units sold in the Company’s initial public offering
may elect to separately trade the shares of Class A common stock
and warrants included in the units. Any units not separated will
continue to trade on The Nasdaq Capital Market (the “Nasdaq”) under
the symbol “DTRTU,” and the separated shares of Class A common
stock and warrants are expected to trade on the Nasdaq under the
symbols “DTRT” and “DTRTW,” 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 shares of Class
A common stock and warrants.
The units were initially offered by the Company in an
underwritten offering. Cantor Fitzgerald & Co. (“Cantor”) acted
as the sole book-runner and Odeon Capital Group, LLC acted as the
lead 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 September 1,
2021.
The offering was made only by means of a prospectus. Copies of
the prospectus related to this offering may be obtained by
contacting Cantor, Attention: Capital Markets, c/o Cantor
Fitzgerald & Co., 499 Park Avenue, 5th Floor, New York, New
York 10022, or by email at prospectus@cantor.com.
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.
About DTRT
DTRT 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. We intend to leverage our
team’s expertise to target businesses in the healthcare industry,
specifically home and community based healthcare services, which
may include home health, personal and private duty care, home-based
therapy, adult day care, medical transportation, pediatric health,
facility based community services, healthcare information
technology and software services, care management, behavioral
health, staffing, medical devices, and health and wellness
programs, among others.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated separation of the units into shares of Class A common
stock 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/20211022005352/en/
Arion Robbins arobbins@dtrthealth.com www.dtrthealth.com
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