Kismet Acquisition One Corp Announces the Separate Trading of Its Ordinary Shares and Warrants Commencing on September 28, 2020
Kismet Acquisition One Corp announced that starting September 28, 2020, holders of units from its initial public offering can separately trade the ordinary shares and warrants included in those units. Whole warrants only will be issued upon separation. Units will continue to trade under the ticker symbol KSMTU on Nasdaq, while separated ordinary shares and warrants will trade under KSMT and KSMTW, respectively. This announcement does not constitute a solicitation for securities sales.
- Enables holders to trade ordinary shares and warrants separately, increasing flexibility.
- Separation allows potential for increased trading volume and liquidity.
- Issuance of only whole warrants may limit trading options for some investors.
Moscow, Russia, Sept. 24, 2020 (GLOBE NEWSWIRE) -- Kismet Acquisition One Corp (the "Company") today announced that, commencing on September 28, 2020, holders of the units sold in the Company’s initial public offering may elect to separately trade the ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
Those units not separated will continue to trade on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “KSMTU,” and the ordinary shares and warrants that are separated will trade on Nasdaq under the symbols “KSMT” and “KSMTW”, respectively.
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 Kismet Acquisition One Corp
Kismet Acquisition One Corp is a special purpose acquisition company led by Chairman and Chief Executive Officer Ivan Tavrin, formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, contractual control arrangement with, purchasing all or substantially all of the assets of, or engaging in any other similar initial business combination with one or more businesses or entities.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering and the anticipated use of the net proceeds thereof. No assurance can be given that the net 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 and preliminary prospectus for the Company’s initial public offering filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of these documents 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.
Contact:
Kismet Acquisition One Corp.
+7 (499) 755-2134
info@kismetcg.com
FAQ
When can KSMTU shareholders trade their shares and warrants separately?
What are the new ticker symbols for Kismet Acquisition One Corp's shares and warrants?
Will fractional warrants be issued upon separation of KSMTU units?
What is the significance of the separation of KSMTU units?
