GX Acquisition Corp. II Announces Separate Trading of its Class A Common Stock and Warrants, Commencing May 10, 2021
GX Acquisition Corp. II (Nasdaq: GXIIU) will allow the separation of its 30 million units sold in its IPO starting May 10, 2021. Holders can trade Class A common stock and warrants under the symbols GXII and GXIIW, respectively, while units will continue to trade as GXIIU. No fractional warrants will be issued. A registration statement was effective as of March 17, 2021. The company is a blank check entity focused on acquiring businesses with an enterprise value exceeding $1 billion.
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New York, NY, May 06, 2021 (GLOBE NEWSWIRE) -- GX Acquisition Corp. II (Nasdaq: GXIIU) (the “Company”) announced today that, commencing May 10, 2021, holders of the 30,000,000 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. The shares of Class A common stock and warrants that are separated will trade on The Nasdaq Capital Market (“Nasdaq”) under the symbols “GXII” and “GXIIW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on Nasdaq under the symbol “GXIIU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and was declared effective on March 17, 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 the units and the underlying securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The initial public offering was made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email: prospectus@cantor.com.
The Company is a blank check company formed for the purpose of effecting a merger, share 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 business or industry, it intends to focus its search on companies with an enterprise value in excess of
FORWARD-LOOKING STATEMENTS
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 final prospectus for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. 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
Caroline Luz
(203) 656-2829
cluz@lambert.com
FAQ
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