Marblegate Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing November 22, 2021

Rhea-AI Summary

Marblegate Acquisition Corp. (NASDAQ: GATEU) announced that starting November 22, 2021, holders of its IPO units can separately trade shares of Class A common stock and warrants. The Class A shares will trade under the symbol GATE, and the warrants under GATEW. Units that are not separated will continue to trade as GATEU. Marblegate is a blank check company focused on mergers and acquisitions, particularly targeting businesses that have recently undergone restructuring. This separation allows investors more flexibility in their trading strategies.

Positive

• Holders can separately trade Class A common stock and warrants, increasing trading flexibility.
• Focus on identifying high-quality businesses that have recently undergone restructuring may enhance future business combination success.

Negative

• None.

NEW YORK, Nov. 19, 2021 /PRNewswire/ --Marblegate Acquisition Corp. (NASDAQ: GATEU) (the "Company") announced today that, commencing November 22, 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 Global Market under the symbols "GATE" and "GATEW," respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol "GATEU."

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 Marblegate Acquisition Corp.
The Company 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. While the Company may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, it currently intends to concentrate its efforts on identifying high quality businesses that have recently undergone a restructuring. The Company is led by Chief Executive Officer Andrew Milgram.

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. 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 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 Securities and Exchange Commission ("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 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.

Contact:          
Marblegate Asset Management
(203) 413-6940
ir@marblegate.com

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SOURCE Marblegate Acquisition Corp.

FAQ

When can I start trading the shares of Marblegate Acquisition Corp.?

You can start trading the shares of Marblegate Acquisition Corp. from November 22, 2021.

What are the trading symbols for the Class A common stock and warrants of GATEU?

The Class A common stock will trade under the symbol GATE, and the warrants will trade under GATEW.

What does it mean to separate the trading of Class A common stock and warrants?

Separating the trading allows investors to buy and sell shares of Class A common stock and warrants independently, providing more trading options.

What is the focus of Marblegate Acquisition Corp. in its business strategy?

Marblegate Acquisition Corp. aims to identify high-quality businesses that have recently undergone restructuring, seeking strategic merger opportunities.