FTAC Athena Acquisition Corp. Ordinary Shares and Warrants to Commence Trading Separately on April 16, 2021

Rhea-AI Summary

FTAC Athena Acquisition Corp. (NASDAQ: FTAAU) announced that holders of its units can start trading Class A ordinary shares and warrants separately from April 16, 2021. The units not separated will continue to trade under the symbol FTAAU, while the Class A shares and warrants will trade under FTAA and FTAAW, respectively. This decision follows the effective registration statement by the SEC on February 22, 2021. Cantor Fitzgerald & Co. is the sole book-running manager for the offering. The announcement highlights the company's efforts to enhance trading flexibility for investors.

Positive

• Holders can trade Class A shares and warrants separately starting April 16, 2021.
• Continued trading of units under the FTAAU symbol enhances investor accessibility.
• The offering is backed by a registration statement effective since February 22, 2021.

Negative

• None.

PHILADELPHIA, PA, April 12, 2021 (GLOBE NEWSWIRE) -- FTAC Athena Acquisition Corp. (NASDAQ:FTAAU) (the “Company”), a blank-check company formed for the purpose of acquiring or merging with one or more technology and financial services technology companies, today announced that the holders of the Company’s units may elect to separately trade the Class A ordinary shares and warrants underlying the units commencing on April 16, 2021. Those units not separated will continue to trade on the NASDAQ Capital Market under the symbol “FTAAU” and the Class A ordinary shares and warrants are expected to trade under the symbols “FTAA” and “FTAAW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

Cantor Fitzgerald & Co. served as the sole book-running manager for the offering. 

A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on February 22, 2021. 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.

The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor, New York, New York 10022, email: prospectus@cantor.com. Copies of the registration statement can be accessed for free through the SEC's website at www.sec.gov.

This press release contains statements that constitute “forward-looking statements.” 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 for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Contact Information:

Amanda Abrams
amanda@ftspac.com
(215) 701-9693

FAQ

What changes are being made to FTAC Athena Acquisition Corp.'s trading structure?

Starting April 16, 2021, holders can separately trade Class A ordinary shares and warrants, while units continue trading under FTAAU.

What are the new trading symbols for FTAC Athena's securities?

The Class A ordinary shares will trade under the symbol FTAA, and the warrants will trade under FTAAW.

Who managed the offering for FTAC Athena Acquisition Corp.?

Cantor Fitzgerald & Co. served as the sole book-running manager for the offering.

When was the registration statement for FTAC Athena's offering declared effective?

The registration statement was declared effective by the SEC on February 22, 2021.