First Reserve Sustainable Growth Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing April 26, 2021

Rhea-AI Summary

First Reserve Sustainable Growth Corp. announced that starting April 26, 2021, holders of the units from its initial public offering can separately trade shares of Class A common stock and warrants. The Class A common stock will trade under the ticker symbol FRSG, and the warrants under FRSGW on Nasdaq. Units not separated will continue to trade as FRSGU. Investors need to contact Continental Stock Transfer & Trust Company to facilitate this separation process. The Company is focused on sustainability and plans to engage in business combinations enhancing environmentally conscious solutions.

Positive

• Commencement of trading for Class A common stock under FRSG and warrants under FRSGW on Nasdaq.
• Allows flexibility for investors by enabling the separation of units.

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• None.

STAMFORD, Conn. and HOUSTON, April 23, 2021 /PRNewswire/ -- First Reserve Sustainable Growth Corp. (the "Company") announced today that, commencing April 26, 2021, holders of the units sold in the Company's initial public offering may elect to separately trade shares of the Company's 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. The shares of Class A common stock and warrants that are separated will trade on the Nasdaq Stock Market LLC ("Nasdaq") under the symbols "FRSG" and "FRSGW," respectively. Those units not separated will continue to trade on Nasdaq under the symbol "FRSGU." 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 shares of Class A common stock and warrants.

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 First Reserve Sustainable Growth Corp.

First Reserve Sustainable Growth Corp. is a 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. The Company intends to identify opportunities and companies that focus on solutions, processes, and technologies that facilitate, improve, or complement the ongoing transition toward a more sustainable and environmentally-conscious global energy, infrastructure and industrial complex.

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. 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," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "possible," "potential," "predict," "project," "should," "would" and similar expressions, as they relate to the Company or its 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 the Company or persons acting on its 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 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:

Investors
info@frsgcorp.com  

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SOURCE First Reserve Sustainable Growth Corp.

FAQ

When can I start trading FRSG shares?

Trading of Class A common stock under the symbol FRSG starts on April 26, 2021.

What are the symbols for the warrants of First Reserve Sustainable Growth Corp.?

The warrants will trade under the symbol FRSGW.

How can I separate my units into stock and warrants?

Investors must contact Continental Stock Transfer & Trust Company to separate the units.

What will happen to units that are not separated?

Units not separated will continue to trade on Nasdaq under the symbol FRSGU.

What kind of company is First Reserve Sustainable Growth Corp.?

It is a blank check company aiming to engage in sustainable business combinations.