Powered Brands Securities to Commence Separate Trading
Powered Brands (Nasdaq: POWRU) announced that the separate trading of its common stock and warrants will begin on approximately March 3, 2021. The common stock will trade under the symbol “POW” and the warrants under “POWRW.” Units that are not separated will continue to trade as “POWRU.” The company is a blank check entity focused on mergers and acquisitions in the beauty, wellness, and consumer sectors. However, it cautions that its forward-looking statements involve risks and uncertainties that may result in actual outcomes differing from projections.
- Commencement of separate trading for common stock and warrants, enhancing liquidity for investors.
- Focus on mergers in the beauty, wellness, and consumer industries, potentially tapping into high-growth sectors.
- As a blank check company, there is no current revenue or established business operations to evaluate.
- Risks associated with forward-looking statements, highlighting uncertainty in achieving planned business combinations.
Powered Brands (Nasdaq: POWRU) (the “Company”) announced today that separate trading of its common stock and warrants underlying the Company’s units would commence on or about March 3, 2021. The common stock and warrants will trade under the symbols “POW” and “POWRW”, respectively. Units not separated will continue to be listed on Nasdaq Stock Market LLC under the symbol “POWRU.”
Powered Brands is a newly incorporated blank check company, incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to as our initial business combination. While Powered Brands may pursue an initial business combination opportunity in any business, industry, sector or geographical location, it intends to capitalize on the ability of its management team to identify promising opportunities within beauty, wellness and consumer-related industries.
This press release shall not constitute an offer to sell or a 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.
Forward Looking Statements
This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are subject to numerous risks and 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 other filings with the Securities and Exchange Commission and, therefore, actual results could differ materially from those projected in the forward-looking statements. 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/20210302006197/en/
FAQ
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