Cohn Robbins Holdings Corp. Announces the Separate Trading of its Class A Ordinary Shares and Redeemable Warrants Commencing October 30, 2020

Rhea-AI Summary

Cohn Robbins Holdings Corp. (NYSE: CRHC.U) has announced that starting October 30, 2020, holders of its initial public offering units can separately trade Class A ordinary shares and redeemable warrants. The units, initially offered as 72,000,000 units on September 11, 2020, will continue to trade under the symbol CRHC.U. Separated shares will trade under CRHC, while warrants will trade under CRHC WS. The company is a blank check firm aiming for business combinations. Forward-looking statements are included, with management cautioning that actual results may vary.

Positive

• Holders can separate and trade Class A ordinary shares and redeemable warrants, enhancing liquidity.
• The company operates as a blank check firm, allowing future business combinations.

Negative

• None.

WILMINGTON, Del., Oct. 29, 2020 (GLOBE NEWSWIRE) -- Cohn Robbins Holdings Corp. (NYSE: CRHC.U) (the “Company”) today announced that, commencing October 30, 2020, holders of the units sold in the Company’s initial public offering of 72,000,000 units completed on September 11, 2020, may elect to separately trade the Class A ordinary shares and redeemable warrants included in the units. Those units not separated will continue to trade on the New York Stock Exchange (the “NYSE”) under the symbol “CRHC.U,” and the Class A ordinary shares and redeemable warrants that are separated will trade on the NYSE under the symbols “CRHC” and “CRHC WS,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and redeemable warrants.

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

The units were initially offered by the Company in an underwritten offering. Credit Suisse Securities (USA) LLC acted as the sole book-running manager in the offering.

The offering was made only by means of a prospectus, copies of which may be obtained for free from the U.S. Securities and Exchange Commission (the “SEC”) website at www.sec.gov or by contacting Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, Eleven Madison Avenue, 3rd Floor, New York, NY 10010, Telephone: 1-800-221-1037, Email: usa.prospectus@credit-suisse.com.

Registration statements relating to the securities became effective on September 8, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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 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. All 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,” “estimate,” “expect,” “intend” 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 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 relating to 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.

Investor Contact:

Adam Weiner, Arrowpath Advisors
212-596-7700
contact@arrowpath.com

Source: Cohn Robbins Holdings Corp.

 

FAQ

What does Cohn Robbins Holdings Corp. allow shareholders to do starting October 30, 2020?

Shareholders can separately trade Class A ordinary shares and redeemable warrants from their units.

How many units did Cohn Robbins Holdings Corp. offer during its IPO?

The company offered 72,000,000 units in its initial public offering.

What are the trading symbols for Cohn Robbins Holdings Corp.'s separated shares and warrants?

Separated shares will trade under CRHC and warrants under CRHC WS.

What is the purpose of Cohn Robbins Holdings Corp. as a blank check company?

The company aims to effect a merger, asset acquisition, or similar business combination.

When did Cohn Robbins Holdings Corp.'s registration statements become effective?

The registration statements became effective on September 8, 2020.