Locust Walk Acquisition Corp. Class A Common Shares and Warrants to Commence Trading Separately on March 1, 2021
Locust Walk Acquisition Corp. (NASDAQ: LWACU) announced that holders of its units can separately trade the Class A common shares and warrants starting March 1, 2021. The units will continue trading under the symbol 'LWACU', while the Class A shares and warrants will trade under 'LWAC' and 'LWACW', respectively. A registration statement was declared effective on January 7, 2021. This PR is not an offer to sell or solicit any purchase prior to registration under applicable securities laws.
- Effective registration statement declared by SEC on January 7, 2021.
- Units can be separately traded from March 1, 2021, allowing for increased liquidity.
- No fractional warrants will be issued, potentially limiting trading flexibility for investors.
PHILADELPHIA and BOSTON, Feb. 22, 2021 /PRNewswire/ -- Locust Walk Acquisition Corp. (NASDAQ: LWACU) (the "Company"), a blank-check company formed for the purpose of acquiring or merging with one or more businesses, today announced that the holders of the Company's units may elect to separately trade the Class A common shares and warrants underlying the units commencing on March 1, 2021. Those units not separated will continue to trade on the NASDAQ Capital Market under the symbol "LWACU" and the Class A common shares and warrants are expected to trade under the symbols "LWAC" and "LWACW", respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on January 7, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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.
The offering was made by means of a prospectus, copies of which may be obtained by contacting Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor, New York, New York 10022; Email: prospectus@cantor.com. Copies of the registration statement can be accessed for free through the SEC's website at www.sec.gov.
This press release contains statements that constitute "forward-looking statements," including with respect to the initial public offering. 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 offering filed with the Securities and Exchange Commission. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.
Contact Information:
James Forte
james@locustwalk.com
(919) 961-4066
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SOURCE Locust Walk Acquisition Corp.
FAQ
When can holders of LWACU units trade Class A shares and warrants separately?
What symbols will the Class A common shares and warrants trade under?
What is the significance of the SEC's registration statement for LWACU?
Are fractional warrants offered by Locust Walk Acquisition Corp.?
