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Levere Holdings Corp. (NASDAQ: LVRAU) announced that starting May 10, 2021, holders of its IPO units can separately trade Class A common stock and redeemable warrants. The units, comprising 27,128,532 units initially offered on March 31, 2021, will trade under the symbol LVRAU. The separated shares will trade under LVRA and LVRAW.
The offering was managed by Citigroup Global Markets Inc. and Deutsche Bank Securities Inc. This announcement does not constitute an offer to sell or a solicitation.
Levere Holdings Corp. successfully closed its initial public offering (IPO) on March 23, 2021, raising $250 million by selling 25 million units at $10.00 each. The units began trading on NASDAQ under the symbol LVRAU on March 19, 2021. Each unit comprises one share of Class A common stock and one-third of a warrant, exercisable at $11.50. Chairman Martin Varsavsky expressed enthusiasm about this milestone, emphasizing the company's focus on leading the mobility revolution in Europe through strategic partnerships and capitalizing on trends like autonomous driving and vehicle electrification.
Levere Holdings Corp. has successfully priced its initial public offering (IPO) at $10 per unit, raising significant capital through the issuance of 25,000,000 units. The shares will start trading on Nasdaq under the symbol LVRAU on March 19, 2021. Each unit includes one share of Class A common stock and one-third of a warrant, exercisable at $11.50. The IPO aims to facilitate a merger or acquisition in the mobility sector, particularly focusing on autonomous driving and electric vehicles. Underwriters have a 45-day option to purchase an additional 3,750,000 units.
