Accelerate Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants Commencing May 10, 2021
May 10 2021 - 8:30AM
Business Wire
Accelerate Acquisition Corp. (NYSE: AAQC.U) (the “Company”)
announced that, commencing May 10, 2021, holders of the units sold
in the Company’s initial public offering of 40,000,000 units,
completed on March 22, 2021, 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 New York
Stock Exchange (the “NYSE”) under the symbol “AAQC.U,” and the
separated shares of Class A common stock and warrants are expected
to trade on the NYSE under the symbols “AAQC” and “AAQC WS,”
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 Class A ordinary shares and warrants.
The units were initially offered by the Company in an
underwritten offering. UBS Investment Bank acted as sole
book-running 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
March 17, 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.
Cautionary Note Concerning 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/20210510005249/en/
Company Contact: Michael Simoff Chief Operating Officer,
Chief Financial Officer and Treasurer msimoff@xlr8ac.com (973)
314-3060
Media Contact: Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co. (212) 257-4170 accelerate@gasthalter.com
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