C5 Acquisition Corporation Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing February 28, 2022

Rhea-AI Summary

C5 Acquisition Corporation announces that starting February 28, 2022, holders of its IPO units can trade Class A common stock and public warrants separately. The stock will trade under the symbols "CXAC" for common shares and "CXAC WS" for warrants, with unchanged units trading as "CXAC.U". This follows the SEC's effective declaration of their registration statement on January 6, 2022. The company aims to focus on mergers in national security sectors including Space, Cybersecurity, and Energy Transition.

Positive

• Enables separate trading of shares and warrants, enhancing liquidity.
• Focus on high-growth sectors: Space, Cybersecurity, and Energy Transition may lead to significant opportunities.

Negative

• None.

NEW YORK,--(BUSINESS WIRE)-- C5 Acquisition Corporation (the “Company”) announced that, commencing on February 28, 2022, holders of the units sold in the Company’s initial public offering of 28,750,000 units may elect to separately trade the shares of Class A common stock and public warrants included in the units. Shares of Class A common stock and public warrants that are separated will trade on the New York Stock Exchange under the symbols “CXAC” and “CXAC WS,” respectively. Those units not separated will continue to trade on the New York Stock Exchange under the symbol “CXAC.U.” No fractional public warrants will be issued upon separation of the units and only whole public warrants will trade. Holders of the 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 the shares of Class A common stock and public warrants.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 6, 2022. Cantor Fitzgerald & Co. and Moelis & Company LLC acted as the joint book-running managers of the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor shall there be any offer, solicitation or sale of any 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 C5 Acquisition Corporation

The Company is led by CEO Robert Meyerson, former president of Blue Origin. Steve Demetriou, Chair and CEO of Jacobs Engineering (NYSE:J), is the company’s Non-Executive Chair of the Board of Directors. The Company is a newly organized blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, consolidation, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or companies. While the Company may pursue an initial business combination with any company in any industry, the Company intends to focus on businesses at the leading edge of national security innovation in three key sectors: Space, Cybersecurity and Energy Transition.

Cautionary Note Concerning Forward-Looking Statements

This press release includes, 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 the Company or the Company’s management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company’s 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 the Company or persons acting on the Company’s 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 final prospectus relating to the Company’s initial public offering filed with the SEC. Copies are available on the SEC’s website at 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 applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220225005490/en/

C5 Acquisition Corporation

David Glickman

info@c5acquisitions.com

Source: C5 Acquisition Corporation

FAQ

When can I start trading CXACU separately?

You can start trading shares of Class A common stock and public warrants separately on February 28, 2022.

What are the new trading symbols for C5 Acquisition Corporation?

Class A common stock will trade under the symbol CXAC, while public warrants will trade under CXAC WS.

What was the SEC status for C5 Acquisition Corporation?

The registration statement was declared effective by the SEC on January 6, 2022.

What sectors does C5 Acquisition Corporation focus on?

C5 Acquisition Corporation focuses on Space, Cybersecurity, and Energy Transition.