Advanced Merger Partners, Inc. Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing on April 22, 2021

Rhea-AI Summary

Advanced Merger Partners, Inc. (NYSE: AMPI.U) announced that beginning April 22, 2021, holders of its units sold in the initial public offering can separately trade shares of Class A common stock and warrants. Units that remain unseparated will continue to trade under the ticker AMPI.U, while separated stock and warrants will trade under AMPI and AMPI WS, respectively. The Company, a blank check entity, aims to pursue a merger or acquisition but has not yet determined a target.

Positive

• Holders can now separately trade Class A common stock and warrants, potentially increasing liquidity.
• The Company remains open to various industries for its initial business combination, suggesting flexibility in opportunities.

Negative

• The absence of a specific acquisition target raises uncertainty for investors.
• Forward-looking statements indicate risks related to the Company's use of proceeds from the initial public offering.

Advanced Merger Partners, Inc. (NYSE: AMPI.U) (the “Company”) announced today that commencing on April 22, 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.

Those units not separated will continue to trade on the New York Stock Exchange (“NYSE”) under the ticker symbol “AMPI.U,” and the Class A common stock and warrants that are separated will trade on the NYSE under the symbols “AMPI” and “AMPI WS,” respectively.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, 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 Advanced Merger Partners, Inc.

Advanced Merger Partners, Inc. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company is sponsored by an affiliate of Houlihan Lokey, Inc., a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation, and an affiliate of Saddle Point Management, L.P., a New York-based registered investment adviser. The Company has not selected any specific business combination target and may pursue an acquisition opportunity in any industry or sector for its initial business combination.

FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated use of the net proceeds of the Company’s initial public offering and the Company’s search for an initial business combination. No assurance can be given 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 offering filed with the U.S. Securities and Exchange Commission (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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210415006046/en/

FAQ

What is the significance of Advanced Merger Partners, Inc. separating stock and warrants?

The separation allows holders to trade shares of Class A common stock and warrants independently, enhancing liquidity.

When did Advanced Merger Partners, Inc. announce the trading of separated stocks?

The announcement was made on April 22, 2021.

What ticker symbols will be used for separated Class A common stock and warrants?

Separated Class A common stock will trade under AMPI and warrants under AMPI WS.

Is there a specific business target for Advanced Merger Partners, Inc.?

No, the Company has not selected a specific acquisition target as of the announcement.

What risks are associated with the forward-looking statements in the press release?

These statements indicate that the use of proceeds and the search for a business combination are subject to numerous risks beyond the Company's control.