Independence Holdings Corp. Securities to Commence Separate Trading

Rhea-AI Summary

Independence Holdings Corp. (Nasdaq: ACQRU) announced that its common stock and warrants will begin separate trading on April 29, 2021, under the symbols 'ACQR' and 'ACQRW', respectively. The company, incorporated as a blank check firm in the Cayman Islands, aims to execute a business combination in sectors like financial technology and tech-enabled services. The units will continue trading under ACQRU if not separated. Forward-looking statements in the release caution that actual results may vary due to risks beyond the company’s control.

Positive

• Commencement of separate trading of common stock and warrants, potentially increasing liquidity.
• Target sectors for business combination include financial technology, which is a rapidly growing industry.

Negative

• No specific details on potential acquisition targets, creating uncertainty.
• Forward-looking statements indicate risks that could significantly impact actual results.

Independence Holdings Corp. (Nasdaq Capital Market: ACQRU) (“Independence Holdings”) announced today that separate trading of its common stock and warrants underlying the Company’s units would commence on or about April 29, 2021. The common stock and warrants will trade under the symbols “ACQR” and “ACQRW”, respectively. Units not separated will continue to be listed on Nasdaq Stock Market LLC under the symbol “ACQRU.”

Independence Holdings is a newly incorporated blank check company, incorporated as a Cayman Islands exempted company 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, which we refer to as our initial business combination. While Independence Holdings may acquire a company in any industry, it expects that its focus will be on the financial technology, software and tech-enabled services sectors.

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.

Forward Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are subject to numerous risks and conditions, many of which are beyond the control of Independence Holdings, including those set forth in the Risk Factors section of Independence Holdings’ registration statement and other filings with the Securities and Exchange Commission and, therefore, actual results could differ materially from those projected in the forward-looking statements. Independence Holdings undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210427006214/en/

FAQ

When will ACQRU start separate trading of its common stock and warrants?

Independence Holdings announced that separate trading of its common stock and warrants will commence on or about April 29, 2021.

What are the trading symbols for Independence Holdings after the separation?

The common stock will trade under the symbol 'ACQR', and the warrants will trade under 'ACQRW'.

What is the purpose of Independence Holdings as a blank check company?

Independence Holdings aims to engage in a merger, share exchange, or similar business combination with entities in various sectors, primarily focusing on financial technology.

What is the registration status of the common stock and warrants for ACQRU?

The press release states that this announcement does not constitute an offer to sell or a solicitation to buy securities prior to proper registration.

What risks are associated with the forward-looking statements made by ACQRU?

The forward-looking statements are subject to numerous risks and conditions that could cause actual results to differ materially, as outlined in their registration filings.