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Poema Global Holdings Corp. (Nasdaq: PPGH.U) announced that starting February 26, 2021, holders of its initial public offering units, totaling 34,500,000 units, can separately trade Class A ordinary shares and warrants. The units, originally offered on January 8, 2021, will continue to trade under the symbol PPGH.U for those not separated, while the separated shares and warrants are expected to trade under PPGH and PPGHW, respectively. No fractional warrants will be issued. Investors must contact Continental Stock Transfer & Trust Company to separate the units.
Poema Global Holdings Corp. successfully closed its initial public offering, raising $345 million by selling 34,500,000 units at $10.00 each, including an additional 4,500,000 units due to full exercise of underwriters' over-allotment option. The units began trading on the Nasdaq under ticker PPGHU on January 6, 2021. Each unit includes one Class A ordinary share and one-half of a redeemable warrant, with each whole warrant priced at $11.50. The company focuses on technology sector business combinations across Europe and Asia.
