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Good Works Acquisition Corp. (NASDAQ: GWACU) announced that its units will cease trading on December 7, 2020. Subsequently, common stock and redeemable warrants will trade separately on the Nasdaq Capital Market under the symbols “GWAC” and “GWACW”, respectively. Each unit consists of one share of common stock and half a redeemable warrant, with whole warrants enabling the purchase of common stock at $11.50. Fractional warrants will not be issued, potentially resulting in unit holders losing part of their warrant holdings.
Good Works Acquisition Corp. (NASDAQ: GWACU) has successfully closed its initial public offering, raising $150 million by issuing 15,000,000 units priced at $10.00 each. Trading on the Nasdaq began on October 20, 2020, with each unit composed of one share of common stock and a half warrant. The company has also granted underwriters a 45-day option to purchase an additional 2,250,000 units. CEO Fred S. Zeidman highlighted the commitment to creating shareholder value and intends to donate 750,000 shares to non-profits impacted by COVID-19.
Good Works Acquisition Corp. (NASDAQ: GWACU) has priced its initial public offering (IPO) at $10.00 per unit, with 15,000,000 units available for sale. Trading is set to start on October 20, 2020, on the Nasdaq Capital Market. Each unit consists of one share of common stock and one-half of a redeemable warrant, with whole warrants allowing shares to be purchased at $11.50 each. The underwriters have a 45-day option for an additional 2,250,000 units. The offering is subject to customary closing conditions and follows SEC approval on October 19, 2020.
