Marlin Technology Corporation Announces the Separate Trading of Class A Ordinary Shares and Redeemable Warrants Commencing March 5, 2021

Rhea-AI Summary

Marlin Technology Corporation (Nasdaq: FINM) announced that holders of its units can begin trading the Class A ordinary shares and redeemable warrants separately as of March 5, 2021. Units not separated will continue to trade under the symbol FINMU, while the Class A shares and redeemable warrants will trade under FINM and FINMW, respectively. These units were initially offered in an underwritten offering, with a registration statement effective since January 12, 2021. The release also includes forward-looking statements that carry inherent risks and uncertainties.

Positive

• Enablement of separate trading for Class A shares and redeemable warrants may enhance liquidity.
• Initial offering of units was underwritten, indicating strong market interest.

Negative

• None.

LOS ANGELES, March 4, 2021 /PRNewswire/ -- Marlin Technology Corporation (the "Company") (Nasdaq: FINM) today announced the holders of the Company's units may elect to separately trade the Class A ordinary shares and redeemable warrants underlying the units commencing on March 5, 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 Stock Market under the symbol FINMU and the Class A ordinary shares and the redeemable warrants will trade under the symbols FINM and FINMW, respectively.

The units were initially offered by the Company in an underwritten offering. A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on January 12, 2021.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.

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SOURCE Marlin Technology Corporation

FAQ

What changes occurred for Marlin Technology Corporation's stock on March 5, 2021?

On March 5, 2021, holders of Marlin Technology Corporation's units were allowed to separately trade the Class A ordinary shares and redeemable warrants.

What are the trading symbols for Marlin Technology Corporation's securities?

The units trade under the symbol FINMU, Class A ordinary shares under FINM, and redeemable warrants under FINMW.

When was the registration statement for Marlin Technology Corporation's units declared effective?

The registration statement for the units was declared effective by the SEC on January 12, 2021.

What is the significance of the separation of Class A shares and redeemable warrants for Marlin Technology Corporation?

The separation allows for independent trading of the Class A shares and redeemable warrants, potentially increasing liquidity and attracting more investors.

What risks are associated with Marlin Technology Corporation's forward-looking statements?

Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from expectations.