Poema Global Holdings Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing February 26, 2021

Rhea-AI Summary

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.

Positive

• Initiates separate trading for Class A ordinary shares and warrants, providing liquidity options for investors.
• Successful completion of initial public offering on January 8, 2021, with 34,500,000 units sold.

Negative

• None.

BERLIN and HONG KONG, Feb. 26, 2021 /PRNewswire/ -- Poema Global Holdings Corp. (Nasdaq: PPGH.U) (the "Company") announced that, commencing February 26, 2021, holders of the units sold in the Company's initial public offering of 34,500,000 units, completed on January 8, 2021 may elect to separately trade the Class A ordinary shares and warrants included in the units. Any units not separated will continue to trade on the Nasdaq Capital Market ("Nasdaq") under the symbol "PPGH.U," and the separated Class A ordinary shares and warrants are expected to trade on Nasdaq under the symbols "PPGH" and "PPGHW," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Unitholders will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into Class A ordinary shares and warrants.

The units were initially offered by the Company in an underwritten offering. Citigroup Global Markets Inc. and UBS Securities LLC acted as joint book-running managers of the offering. A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission (the "SEC") on January 5, 2021.

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.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or 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 offering filed with the SEC. Copies 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.

For media relations, please contact:

ICR, LLC
Phil Denning
Email: Phil.denning@icrinc.com
Phone: +1 (646) 277-1249

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SOURCE Poema Global Holdings Corp.

FAQ

What are the new trading symbols for Poema Global Holdings Corp. after unit separation?

Class A ordinary shares will trade under the symbol 'PPGH' and warrants under 'PPGHW'.

When did the separate trading of Class A ordinary shares and warrants commence for PPGHU?

The separate trading commenced on February 26, 2021.

What should investors do to separate their units of PPGHU?

Investors need to have their brokers contact Continental Stock Transfer & Trust Company to separate the units.

How many units were offered in Poema Global Holdings Corp.'s initial public offering?

A total of 34,500,000 units were offered in the initial public offering.

What is the symbol for the units of Poema Global Holdings Corp. that will continue to trade?

The units that are not separated will continue to trade under the symbol 'PPGH.U'.