Industrial Tech Acquisitions II, Inc. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing March 4, 2022
Industrial Tech Acquisitions II, Inc. (Nasdaq: ITAQU) will allow holders of its initial public offering units to separately trade shares of its Class A common stock (symbol: ITAQ) and warrants (symbol: ITAQW) starting March 4, 2022. Units that remain unseparated will continue to trade under the symbol ITAQU. This move offers investors greater flexibility in managing their holdings. The company aims to pursue business combinations primarily in technology sectors, including software and telecommunications.
- Allows for separate trading of Class A common stock and warrants, enhancing liquidity for investors.
- Focus on strategic sectors like software, IoT, and 5G communications could lead to growth opportunities.
- As a blank check company, it may face challenges in identifying and merging with suitable business targets, impacting investor confidence.
NEW YORK, NY, March 01, 2022 (GLOBE NEWSWIRE) -- Industrial Tech Acquisitions II, Inc. (Nasdaq: ITAQU) (the “Company”) announced that, commencing March 4, 2022, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock (“Class A Common Stock”) and warrants included in the units. Class A common stock and warrants that are separated will trade on the Nasdaq Global Market under the symbols “ITAQ” and “ITAQW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “ITAQU.”
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, 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.
About Industrial Tech Acquisitions II, Inc..
Industrial Tech Acquisitions II, Inc. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The Company may pursue an initial business combination target in any business, industry or geographical location, and it intends to focus its search on targets operating in the technology-focused areas including software, mobile and Internet of Things applications, digital and energy transition, cloud and cyber communications as well as high bandwidth services, including LTE, remote sensing and 5G communications.
Forward-Looking Statements
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. 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 Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
| Company Contact: | |
| Lisa Russell | |
| Industrial Tech Acquisitions II, Inc. | |
| (713) 599-1300 |
FAQ
What is the significance of the Class A common stock and warrants separation for ITAQU?
When will the Class A common stock and warrants start trading separately?
What does the company plan to focus on in its future business combinations?
What are the trading symbols for ITAQU's Class A common stock and warrants?
What are the risks associated with Industrial Tech Acquisitions II as a blank check company?
