Gladstone Acquisition Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Warrants, Commencing September 27, 2021

Rhea-AI Summary

Gladstone Acquisition Corporation (NASDAQ:GLEEU) announced that starting September 27, 2021, holders of its 10,492,480 Units from the initial public offering can trade shares of Class A common stock and warrants separately. The Units will continue trading under the symbol GLEEU, while separated shares will trade as GLEE and warrants as GLEEW on the Nasdaq Capital Market. The offering, managed by EF Hutton, was registered with the SEC and completed in August 2021.

Positive

• The separation of Units allows investors flexibility in trading Class A common stock and warrants.
• Completion of the initial public offering indicates strong market interest with 10,492,480 Units issued.

Negative

• None.

MCLEAN, VA / ACCESSWIRE / September 24, 2021 / Gladstone Acquisition Corporation (NASDAQ:GLEEU) (the "Company") announced that, commencing September 27, 2021, holders of the Company's units (the "Units") that were issued in the Company's initial public offering (the "Offering") totaling 10,492,480 Units, which was completed in August 2021, may elect to separately trade the shares of the Company's Class A common stock, par value $0.0001 per share (the "Class A Common"), and warrants included in the Units. Any Units not separated will continue to trade on the Nasdaq Capital Market ("Nasdaq") under the symbol "GLEEU," and the shares of Class A Common and warrants that are separated will trade on Nasdaq under the symbols "GLEE" and "GLEEW," respectively. Holders of Units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, to separate the Units into shares of Class A Common and warrants.

The Units were initially offered by the Company in an underwritten offering. EF Hutton, division of Benchmark Investments, LLC acted as Sole Book-Running Manager for the Offering. A registration statement (File No. 333-252916) relating to the Units and the underlying securities was declared effective by the Securities and Exchange Commission (the "SEC") on August 4, 2021. The Offering was made only by means of a prospectus, copies of which may be obtained from: EF Hutton, division of Benchmark Investments LLC, 590 Madison Avenue, 39^th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@efhuttongroup.com or telephone at (212) 404-7002, or by visiting EDGAR on the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, 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.

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, including those set forth in the risk factors section of the prospectus for the Offering. Copies of these documents can be accessed through the SEC's website at www.sec.gov. No assurance can be given that the net proceeds of the Offering will be used as indicated. 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.

CONTACT:
Gladstone Acquisition Corporation
+1-703-287-5893

SOURCE: Gladstone Acquisition Corporation

View source version on accesswire.com:
https://www.accesswire.com/665352/Gladstone-Acquisition-Corp-Announces-the-Separate-Trading-of-its-Shares-of-Class-A-Common-Stock-and-Warrants-Commencing-September-27-2021

FAQ

What is the significance of the separation of Units for GLEEU holders?

The separation allows GLEEU holders to trade Class A common stock and warrants independently, enhancing trading flexibility.

When can holders of GLEEU Units start trading the shares separately?

Holders can commence separate trading of their shares of Class A common stock and warrants on September 27, 2021.

Who managed the initial public offering for Gladstone Acquisition Corporation?

The offering was managed by EF Hutton, division of Benchmark Investments.

What is the trading symbol for the Class A common stock after separation?

The Class A common stock will trade under the symbol GLEE after the Units are separated.