Alpha Capital Acquisition Company Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing April 12, 2021
Alpha Capital Acquisition Company has announced that holders of its 23 million IPO units, completed on February 23, 2021, can now separately trade Class A ordinary shares and warrants. The traded symbols will be 'ASPC' for Class A shares and 'ASPCW' for warrants on the Nasdaq Capital Market. Units that are not separated will continue to trade under 'ASPCU.' The offering does not constitute a solicitation or sale of securities where it would be unlawful prior to registration. The company aims to merge with a Latin American-focused technology business.
- Opportunity for investors to separately trade shares and warrants, potentially increasing liquidity.
- Focus on Latin American technology sector may position the company for strategic growth.
- No immediate financial metrics or performance data provided in the PR.
- Risks associated with forward-looking statements concerning future business combinations.
Alpha Capital Acquisition Company (the “Company”) announced that, commencing today, holders of the units sold in the Company's initial public offering of 23,000,000 units completed on February 23, 2021, including the units sold pursuant to the full exercise of the underwriters’ over-allotment option of 3,000,000 units, may elect to separately trade the shares of Class A ordinary shares and warrants included in the units. Class A ordinary shares and warrants that are separated will trade on the Nasdaq Capital Market under the symbols “ASPC” and “ASPCW,” respectively. Units not separated will continue to trade on the Nasdaq Capital Market under the symbol “ASPCU.” No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
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.
The offering was made only by means of a prospectus. Copies of the prospectus may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus may be obtained for free from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions by mailing 1155 Long Island Avenue, Edgewood, NY 11717 or via telephone at (800) 831-9146; and BofA Securities, Inc. by mailing NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attention: Prospectus Department or by email at dg.prospectus_requests@bofa.com.
About Alpha Capital Acquisition Company
The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company intends to seek a business combination with a Latin American-focused technology business. Alpha’s founders and sponsors include Alec Oxenford (Chief Executive Officer and Chairman) and Rafael Steinhauser (President and Director). Its co-sponsors include Innova Capital, FJ Labs and Dr. Irwin Jacobs.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute forward-looking statements. All of these statements are based on management’s expectations as well as estimates and assumptions prepared by management that, although they believe to be reasonable, are inherently uncertain. These statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of Company’s control that may cause its business, industry, strategy, financing activities or actual results to differ materially. The Company undertakes no obligation to update or revise any of the forward-looking statements contained herein, whether as a result of new information, future events or otherwise.
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FAQ
What does the separation of units into shares and warrants mean for ASPC shareholders?
What are the trading symbols for the separated shares and warrants?
When was the initial public offering completed for Alpha Capital Acquisition Company?
What is Alpha Capital Acquisition Company's focus in terms of future business combinations?
Are there any financial metrics released in the press statement?
