Crixus BH3 Acquisition Company Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing on or About November 26, 2021

Rhea-AI Summary

Crixus BH3 Acquisition Company (Nasdaq: BHACU) announced that holders of its IPO units, completed on October 7, 2021, can trade shares of Class A common stock and warrants separately starting November 26, 2021. Only whole warrants will be issued upon separation, and unsplit units will continue trading under the ticker 'BHACU.' The separation is facilitated by Guggenheim Securities, LLC and BTIG, LLC as joint bookrunners. The press release includes a disclaimer regarding the forward-looking statements related to the separation date.

Positive

• Separation of units allows increased trading flexibility for investors.
• Facilitated by reputable joint bookrunners, potentially enhancing market confidence.

Negative

• None.

FORT LAUDERDALE, Fla., Nov. 23, 2021 /PRNewswire/ -- Crixus BH3 Acquisition Company (Nasdaq: BHACU) (the "Company") today announced that holders of the units sold in the Company's initial public offering completed on October 7, 2021 may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about November 26, 2021. 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 Nasdaq Global Market ("Nasdaq") under the ticker symbol "BHACU," and the Class A common stock and warrants that are separated will trade on the Nasdaq under the symbols "BHAC" and "BHACW," respectively.

Guggenheim Securities, LLC and BTIG, LLC served as joint bookrunners of the offering.

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.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated separation date of the units. 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 Company's offering filed with the SEC. Copies of these documents 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.

Contact:
BHAC Investor Relations
investorrelations@bh3ac.com
(954) 416-3140

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SOURCE Crixus BH3 Acquisition Company

FAQ

What is the significance of the separate trading for BHACU shareholders?

The separate trading allows BHACU shareholders to buy and sell Class A common stock and warrants independently, which can enhance liquidity.

When will the separate trading for BHACU units start?

The separate trading is expected to commence on or about November 26, 2021.

Who were the joint bookrunners for Crixus BH3 Acquisition Company's IPO?

Guggenheim Securities, LLC and BTIG, LLC served as the joint bookrunners for the IPO.

What are the ticker symbols for the separated Class A common stock and warrants?

The Class A common stock will trade under the ticker 'BHAC,' while the warrants will trade under 'BHACW.'