Atlas Crest Investment Corp. II Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing March 29, 2021
Atlas Crest Investment Corp. II (NYSE: ACII.U) announced that starting March 29, 2021, holders of its initial public offering units can separately trade shares of Class A common stock (symbol: ACII) and warrants (symbol: ACII WS). The separation will not issue fractional warrants, only whole warrants will be available for trade. The original units will continue trading under ACII.U. This announcement follows the effective declaration of registration statements by the SEC on February 3, 2021. The offering was managed by Cantor Fitzgerald & Co.
- Stockholders can now trade Class A common stock and warrants separately, providing liquidity options.
- The trading of the units under multiple symbols improves market accessibility.
- None.
New York, NY, March 26, 2021 (GLOBE NEWSWIRE) -- Atlas Crest Investment Corp. II (NYSE: ACII.U, the "Company") announced today that, commencing on March 29, 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 New York Stock Exchange under the symbols "ACII" and "ACII WS," respectively. Those units not separated will continue to trade on the New York Stock Exchange under the symbol “ACII.U”. 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.
The units were initially offered by the Company in an underwritten offering. Cantor Fitzgerald & Co. acted as the sole book-running manager of the offering.
Registration statements relating to these securities were declared effective by the Securities and Exchange Commission on February 3, 2021. The offering was made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention Capital Markets, 499 Park Avenue, New York, NY 10022, or by e-mail at prospectus@cantor.com.
This press release shall not constitute an offer to sell or a 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 Atlas Crest Investment Corp. II
Atlas Crest Investment Corp. II is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses. The Company is sponsored by an affiliate of Moelis & Company, a leading global financial advisor to corporate executives, boards, entrepreneurs, financial sponsors and governments. The management team is led by Ken Moelis, as Chairman, and Michael Spellacy, as Chief Executive Officer, both of whom have had careers centered around identifying, evaluating and implementing organic and inorganic transformational growth and value creation initiatives across a broad range of industries. While the Company intends to evaluate opportunities in many sectors, it believes the diverse experience and extensive relationship network of its management team, board and sponsor will drive particularly attractive investment opportunities in certain high growth sectors including media, fintech/payments, software and technology enabled services, online gaming/sports betting, healthcare and disruptive consumer.
Forward-Looking Statements
This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.
Contact:
Andrea Hurst
Atlas Crest Investment Corp. II
T: +1 347 583 9705
Andrea@atlascrestcorp.com
FAQ
When can ACII-UN holders trade shares of Class A common stock and warrants?
What are the trading symbols for Class A common stock and warrants of Atlas Crest Investment Corp. II?
What will happen to units not separated by ACII-UN holders?
Who managed the initial public offering for Atlas Crest Investment Corp. II?
Are fractional warrants issued upon the separation of units in ACII-UN?
