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KL Acquisition Corp (Nasdaq: KLAQU) announced that starting March 1, 2021, holders of its 28,750,000 units can separately trade Class A common stock and warrants. The stocks will trade under symbols KLAQ and KLAQW, while unseparated units will continue under KLAQU. This follows the SEC's declaration of an effective registration statement on January 7, 2021. KL Acquisition Corp is focused on potential business combinations in the healthcare sector, led by CEO Doug Logigian and affiliated with Kennedy Lewis Management LP.
KL Acquisition Corp (NASDAQ: KLAQU) completed its initial public offering (IPO) on January 12, 2021, raising $287.5 million by issuing 28,750,000 units at $10.00 each, including 3,750,000 units from the underwriter's over-allotment. The company's units began trading on January 8, 2021, and include one share of Class A common stock and one-third of a warrant, with a full warrant exercisable at $11.50.
The company, a blank check entity, aims to pursue acquisitions primarily in the healthcare sector.
KL Acquisition Corp has priced its initial public offering (IPO) at $10.00 per unit, raising $250 million with 25,000,000 units to be listed on Nasdaq under the symbol KLAQU. Each unit consists of one share of Class A common stock and one-third of a redeemable warrant, with full warrants exercisable at $11.50 per share. The company aims for business combinations primarily in the healthcare sector. Goldman Sachs serves as the sole book-running manager, having a 45-day option to purchase an additional 3,750,000 units.
