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G3 VRM Acquisition Corp. (NASDAQ:GGGVU) announced the ability for unit holders to separately trade shares of its Class A common stock and rights, starting August 17, 2021. The Class A Common Stock will be traded under the symbol 'GGGV', while rights will trade under 'GGGVR'. Initially offered through an underwritten offering managed by Maxim Group LLC, these trading options are part of the company’s strategy before its planned business combination, targeting businesses with enterprise values between $250 million and $500 million, particularly in technology and business services.
G3 VRM Acquisition Corp. (NASDAQ:GGGVU) announced the pricing of its initial public offering, selling 10,000,000 units at $10.00 each. The units will be listed on the Nasdaq starting July 1, 2021. Each unit comprises one share of Class A common stock and a right to one-tenth of a share upon completion of a business combination. The offering is set to close on July 6, 2021, with a 45-day option for underwriters to purchase an additional 1,500,000 units. The company targets businesses with values of $250 million to $500 million in technology and business services.
