JATT Acquisition Corp Announces that its Ordinary Shares and Warrants will Commence Separate Trading on or about September 3, 2021
September 03 2021 - 7:44AM
Business Wire
JATT Acquisition Corp ("the Company" or "JATT") (NYSE: JATT U),
a blank check company formed for the purpose of entering into a
merger, share exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses, today announced that holders of the Company's units may
elect to separately trade the ordinary shares and warrants included
in their units commencing on or about September 3, 2021.
Each unit consists of one ordinary share and one-half of one
redeemable warrant, with each whole warrant entitling the holder to
purchase one ordinary share at a price of $11.50 per share. In the
separation, unit owners will receive the number of ordinary shares
underlying their units and the whole number of redeemable warrants
underlying such units; however, no fractional warrants will be
issued. Any holder of units whose ownership includes a fractional
number of underlying warrants will be issued a number of warrants
that is rounded down to the nearest whole number. Accordingly, any
owner of units that does not own a multiple of two units
immediately prior to separation will lose one-half of a warrant
upon separation. 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
ordinary shares and warrants.
The ordinary shares and warrants will trade on the New York
Stock Exchange ("NYSE") under the symbols JATT and JATT WS,
respectively. Units not separated will continue to trade on NYSE
under the symbol JATT U.
About JATT Acquisition Corp
JATT Acquisition Corp is led by Chairman and CEO Dr. Someit
Sidhu. The Company 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. Although the
Company may pursue its initial business combination with any
business or industry, it intends to focus its search primarily in
the life sciences sector.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
Company’s search for an initial business combination. No assurance
can be given that the offering discussed above will be completed on
the terms described, or at all, or that the net 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 IPO 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/20210903005197/en/
For investors:
Verender S. Badial Chief Financial Officer JATT Acquisition Corp
Email: info@jattacquisition.com Website:
www.jattacquisition.com
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