Kadem Sustainable Impact Corporation Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing May 7, 2021

Rhea-AI Summary

Kadem Sustainable Impact Corporation has announced that starting May 7, 2021, holders of units sold in its initial public offering can separately trade shares of Class A common stock and warrants. The shares will trade on Nasdaq under the symbols 'KSI' for common stock and 'KSICW' for warrants. Units that remain unsplit will continue to trade under the symbol 'KSICU.' Note that no fractional warrants will be issued upon separation. The press release also serves as a disclaimer, stating it does not constitute an offer to sell or solicitation of securities.

Positive

• Holders can separate and trade shares of Class A common stock and warrants, potentially increasing liquidity.
• Class A common stock and warrants will be listed separately on Nasdaq, providing more trading options.

Negative

• None.

Kadem Sustainable Impact Corporation (the “Company”) announced today that, commencing May 7, 2021, 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 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 Class A common stock and warrants that are separated will trade on the Nasdaq Stock Market LLC (“Nasdaq”) under the symbols “KSI” and “KSICW,” respectively. Those units not separated will continue to trade on Nasdaq under the symbol “KSICU.” 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 Class A common stock and warrants.

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.

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. All 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 the Company or its 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 the Company or persons acting on its 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 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. 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210506006118/en/

FAQ

What is the significance of Kadem Sustainable Impact Corporation's announcement on May 7, 2021?

The announcement allows holders of units sold in the IPO to separately trade shares of Class A common stock and warrants.

What symbols will Kadem Sustainable Impact Corporation's shares and warrants trade under?

Shares will trade under 'KSI' and warrants under 'KSICW' on Nasdaq, while unsplit units will trade under 'KSICU.'

Will fractional warrants be issued when separating units of Kadem Sustainable Impact Corporation?

No, only whole warrants will trade upon separation of the units.

Where should unit holders contact to separate their units of Kadem Sustainable Impact Corporation?

Unit holders need to contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, to separate the units.