FTAC Hera Acquisition Corp. Ordinary Shares and Warrants to Commence Trading Separately on April 26, 2021
FTAC Hera Acquisition Corp. (NASDAQ:HERAU) has announced that holders of its units will be able to separately trade Class A ordinary shares and warrants starting April 26, 2021. The units that are not separated will continue to trade under the symbol HERAU, while Class A ordinary shares and warrants are expected to trade under HERA and HERAW, respectively. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are the joint book-running managers for this offering. The registration statement for these securities was declared effective by the SEC on March 3, 2021.
- Holders can trade Class A ordinary shares and warrants separately starting April 26, enhancing liquidity.
- The registration statement was declared effective, facilitating the trading process.
- None.
PHILADELPHIA, PA, April 21, 2021 (GLOBE NEWSWIRE) -- FTAC Hera Acquisition Corp. (NASDAQ:HERAU) (the “Company”), a blank-check company formed for the purpose of acquiring or merging with one or more technology and financial services technology companies, today announced that the holders of the Company’s units may elect to separately trade the Class A ordinary shares and warrants underlying the units commencing on April 26, 2021. Those units not separated will continue to trade on the NASDAQ Capital Market under the symbol “HERAU” and the Class A ordinary shares and warrants are expected to trade under the symbols “HERA” and “HERAW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
Citigroup Global Markets Inc. and J.P. Morgan Securities LLC acted as the joint book-running managers for the offering.
A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on March 3, 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, 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.
The offering is being made only by means of a prospectus, copies of which may be obtained by contacting Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, tel: 800-831-9146; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, tel: 866-803-9204, or by email at prospectus-eq_fi@jpmchase.com. Copies of the registration statement can be accessed for free through the SEC's website at www.sec.gov.
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 prospectus for the offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.
Contact Information:
Amanda Abrams
amanda@ftspac.com
(215) 701-9693
FAQ
When can HERAU shareholders trade their Class A ordinary shares and warrants?
What symbols will HERAU investors use to trade shares and warrants?
Who are the joint book-running managers for the HERAU offering?
When was the registration statement for HERAU declared effective?
