INSU ACQUISITION CORP. II CLASS A COMMON SHARES AND WARRANTS TO COMMENCE TRADING SEPARATELY ON OCTOBER 23, 2020
INSU Acquisition Corp. II (NASDAQ:INAQU) announced that starting October 23, 2020, holders of its units can trade Class A common shares and warrants separately. The units will continue to trade under the symbol 'INAQU,' while the Class A shares and warrants are expected to trade under 'INAQ' and 'INAQW'. A registration statement for these securities was effective as of September 2, 2020. The press release also includes a forward-looking statement disclaimer, highlighting conditions impacting the initial public offering.
- Holders can trade Class A shares and warrants separately, enhancing liquidity.
- The registration statement was effectively filed, facilitating trading.
- Forward-looking statements highlight risks beyond the company's control, indicating potential uncertainties.
PHILADELPHIA, PA, Oct. 19, 2020 (GLOBE NEWSWIRE) -- INSU Acquisition Corp. II (NASDAQ:INAQU) (the “Company”), a blank-check company sponsored by Cohen & Company Inc. (NYSE American: COHN) and formed for the purpose of acquiring or merging with one or more businesses or entities in the insurance industry, today announced that the holders of the Company’s units may elect to separately trade the Class A common shares and warrants underlying the units commencing on October 23, 2020. Those units not separated will continue to trade on the NASDAQ Capital Market under the symbol “INAQU” and the Class A common shares and warrants are expected to trade under the symbols “INAQ” and “INAQW”, respectively.
A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on September 2, 2020. 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 was made by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email: prospectus@cantor.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,” including with respect to the initial public offering. 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 release, except as required by law. Northland Capital Markets is the trade name for certain capital markets and investment banking services of Northland Securities, Inc., member of FINRA/SIPC.
Contact Information:
Amanda Abrams
INSU Acquisition Corp. II
aabrams@cohenandcompany.com
(215) 701-9693
Joseph W. Pooler, Jr.
Cohen & Company Inc.
investorrelations@cohenandcompany.com
(215)-701-8952
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