Priveterra Acquisition Corp. Announces the Separate Trading of its Common Stock and Warrants, Commencing April 1, 2021
March 25 2021 - 5:28PM
Priveterra Acquisition Corp. (Nasdaq: PMGMU) (the “Company”) today
announced that, commencing April 1, 2021, holders of the units sold
in the Company’s initial public offering may elect to separately
trade shares of the Company’s Class A common stock and warrants
included in the units.
No fractional warrants will be issued upon separation of the
units and only whole warrants will trade. The shares of Class A
common stock and warrants that are separated will trade on the
Nasdaq Capital Market under the symbols “PMGM” and “PMGMW,”
respectively. Those units not separated will continue to trade on
the Nasdaq Capital Market under the symbol “PMGMU.” 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.
Priveterra Acquisition Corp. is a 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. The Company intends to
seek a target in medical technology.
Wells Fargo Securities and Guggenheim Securities acted as the
joint book-runners for the offering. Odeon Capital Group acted as
co-manager for the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus relating to this offering may be obtained from Wells
Fargo Securities, LLC, Attention: Equity Syndicate Department, 500
West 33rd Street, New York, New York, 10001, at (800) 326-5897 or
emailing a request to cmclientsupport@wellsfargo.com and Guggenheim
Securities, LLC, Attention: Equity Syndicate Department, 330
Madison Avenue, New York, NY 10017 or by telephone at (212)
518-5548, or by email at
GSEquityProspectusDelivery@guggenheimpartners.com.
A registration statement relating to these securities was
declared effective by the SEC on February 8, 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 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 search
for an initial business combination. No assurance can be given that
the proceeds of the offering will be used 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 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.
David MeredithChief Legal Officer and SecretaryPriveterra
Acquisition Corp.+1 (754)-220-9229dm@priveterra.com
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