CIIG Capital Partners II, Inc. Announces the Separate Trading of its Class A Common Stock and Warrants Commencing November 5, 2021
CIIG Capital Partners II, Inc. (NASDAQ: CIIGU) announced that starting November 5, 2021, investors can separately trade the shares of its Class A common stock and warrants from the units sold in its IPO on September 17, 2021. The Class A common stock will trade under the symbol “CIIG,” while the warrants will be under “CIIGW.” Units that are not separated will continue to trade under “CIIGU.” This move enhances liquidity for shareholders, allowing more flexibility in managing their investments.
- Separation of Class A common stock and warrants increases trading flexibility and liquidity for shareholders.
- None.
NEW YORK, NY, Nov. 02, 2021 (GLOBE NEWSWIRE) -- CIIG Capital Partners II, Inc. (NASDAQ: CIIGU) (the “Company”) today announced that, commencing November 5, 2021, holders of the units sold in the Company’s initial public offering of 28,750,000 units completed on September 17, 2021, may elect to separately trade the shares of the Company’s Class A common stock (“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. Class A common stock and warrants that are separated will trade on the Nasdaq Global Market under the symbols “CIIG” and “CIIGW,” respectively. Those units not separated will continue to trade on the NASDAQ Global Market under the symbol “CIIGU.”
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 CIIG Capital Partners II, Inc.
CIIG Capital Partners II, Inc. is a newly incorporated blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Forward-Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “ estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. 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 initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Company Contact:
Gavin Cuneo
CIIG Capital Partners II, Inc.
40 West 57th Street
29th Floor
New York, New York 10019
Telephone: (212) 796-4796
FAQ
What is the significance of the trading separation for CIIGU shareholders?
When will the separate trading of Class A common stock and warrants begin for CIIGU?
What are the new symbols for the Class A common stock and warrants after separation from CIIGU?
Why is CIIGU referred to as a blank check company?
