InterPrivate III Financial Partners Inc. Announces the Separate Trading of its Common Stock and Warrants, Commencing April 26, 2021
InterPrivate III Financial Partners Inc. (NYSE: IPVF) announced that, starting April 26, 2021, the units from its initial public offering can be separated for trading of common stock and warrants. The common stock will trade under the symbol IPVF and the warrants under IPVF WS, while units not separated will continue to trade as IPVF.U. The company is focused on pursuing a merger or acquisition in the financial services sector, particularly targeting tech-enabled firms with an enterprise value of $1 billion or more.
- Units can be separated for trading, providing liquidity for investors.
- Focus on tech-enabled companies in financial services may attract significant growth opportunities.
- None.
NEW YORK, April 23, 2021 /PRNewswire/ -- InterPrivate III Financial Partners Inc. (NYSE: IPVF) (the "Company") today announced that, commencing April 26, 2021, holders of the units sold in the Company's initial public offering may elect to separately trade shares of the Company's common stock and warrants included in the units.
No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The shares of common stock and warrants that are separated will trade on the New York Stock Exchange under the symbols "IPVF" and "IPVF WS," respectively. Those units not separated will continue to trade on the New York Stock Exchange under the symbol "IPVF.U." 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 common stock and warrants.
InterPrivate III Financial Partners Inc. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue initial business combination targets in any industry, the Company expects to pursue targets in the financial services industry with a particular focus on tech-enabled companies, with a focus on target companies with an enterprise value of
Morgan Stanley and EarlyBirdCapital, Inc. acted as joint book-running managers of the offering.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on March 4, 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 was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Morgan Stanley, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or by email at prospectus@morganstanley.com; or from EarlyBirdCapital, Inc., 366 Madison Avenue, 8th Floor, New York, NY 10017, Attn: Syndicate Department, 212-661-0200.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the Company's initial public offering and search for an initial business combination. No assurance can be given that the proceeds of the offering will be used as indicated. 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 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.
Press Contact
Charlotte Luer, Marketing
cluer@interprivate.com
+1 212 634 0826
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SOURCE InterPrivate III Financial Partners Inc.
FAQ
When can IPVF.U units be separately traded?
What symbols will the common stock and warrants trade under?
What is the business focus of InterPrivate III Financial Partners Inc.?
Who managed the offering for InterPrivate III Financial Partners Inc.?
