Ignyte Acquisition Corp. Announces Separate Trading of its Common Stock and Warrants
March 10 2021 - 9:05AM
Business Wire
Ignyte Acquisition Corp. (NASDAQ: IGNYU) (the “Company”)
announced today that, commencing on or about March 12, 2021,
holders of its units sold in the Company’s initial public offering
may elect to separately trade shares of the Company’s common stock
and warrants included in the units. The shares of common stock and
warrants that are separated will trade on the Nasdaq Capital Market
(“Nasdaq”) under the symbols “IGNY” and “IGNYW,” 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 Nasdaq under the symbol “IGNYU.” 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 common stock and
warrants.
Ignyte Acquisition 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 or entities. The Company’s
efforts to identify a prospective target business will not be
limited to any particular industry or geographic region, although
the Company currently intends to focus on target businesses in the
life sciences, biotechnology and healthcare sectors. The Company is
led by Chairman and Co-Chief Executive Officer, David Rosenberg,
Co-Chief Executive Officer, David J. Strupp, Jr., and Chief
Financial Officer, Steven Kaplan.
EarlyBirdCapital, Inc. acted as the sole book running manager
for the Company’s initial public offering which was consummated in
February 2021. A registration statement relating to the Company’s
offer and sale of these securities was filed with the Securities
and Exchange Commission (“SEC”) and was declared effective on
January 27, 2021. 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.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements.” 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 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/20210310005567/en/
David Rosenberg Co-Chief Executive Officer Ignyte Acquisition
Corp. drosenberg@ignytespac.com
Ignyte Acquisition (NASDAQ:IGNYU)
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