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Colicity Inc. announced that holders of its IPO units, totaling 34,500,000, can separately trade Class A common stock and warrants starting April 16, 2021. The units, not separated, will continue trading under the symbol 'COLIU', while the Class A common stock and warrants will trade as 'COLI' and 'COLIW', respectively. The company focuses on technology, media, and telecommunications, led by CEO Craig O. McCaw. The press release includes a caution about forward-looking statements and directs investors to the SEC for more information.
Colicity Inc. has successfully closed its initial public offering (IPO) of 34,500,000 units, including 4,500,000 units from the underwriters' over-allotment option, priced at $10.00 each. The units, containing one Class A share and one-fifth of a redeemable warrant, began trading on NASDAQ under the ticker symbol “COLIU” on February 24, 2021. The warrants will be exercisable at $11.50 per share. The company aims to focus on Technology, Media, and Telecommunications sectors, with plans for mergers or acquisitions. Goldman Sachs and PJT Partners acted as joint book-running managers.
Colicity Inc. has announced its initial public offering (IPO) of 30 million units priced at $10.00 each, set to trade on NASDAQ under the ticker symbol COLIU starting February 24, 2021. Each unit comprises one Class A share and one-fifth of a redeemable warrant, with warrants allowing the purchase of an additional Class A share at $11.50. The offering is expected to close by February 26, 2021, and includes an option for underwriters to purchase up to 4.5 million extra units. Colicity targets business combinations in the Technology, Media, and Telecommunications sectors, led by Craig O. McCaw.
