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Argus Capital Corp. announced that starting November 12, 2021, investors can separate and trade shares of its Class A common stock and redeemable warrants from the units sold during its initial public offering. These shares will trade under the symbols ARGU and ARGUW on the Nasdaq, while unseparated units will continue to trade under the symbol ARGUU. Investors must contact the transfer agent, Continental Stock Transfer & Trust Company, to execute the separation. The company aims to pursue a merger or similar business combination, particularly in the tech-driven media sector.
Argus Capital Corp. has successfully closed its initial public offering (IPO) of 30,475,000 units at $10.00 each, raising $304.75 million. The offering included 3,975,000 units from the underwriters' over-allotment option. The units began trading on Nasdaq under the ticker symbol "ARGUU" on September 22, 2021. Each unit comprises one share of Class A common stock and one-half of one redeemable warrant, with full warrants exercisable for $11.50 per share. Argus plans to pursue a business combination in the tech-driven media sector.
