Recharge Acquisition Corp. Announces Separate Trading of its Class A Common Stock and Warrants, Commencing on or about November 23, 2020
Recharge Acquisition Corp. (Nasdaq: RCHGU) has announced that starting on November 23, 2020, shareholders can separately trade shares of its Class A common stock and associated warrants. A total of 20,040,000 units from the IPO will be affected, with Class A shares and warrants trading under symbols RCHG and RCHGW, respectively. Units not separated will continue trading as RCHGU. This change follows the SEC's approval of their registration statement on September 30, 2020. Recharge Acquisition Corp. aims to focus on the convenience store sector for potential business combinations.
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New York, NY, Nov. 20, 2020 (GLOBE NEWSWIRE) -- Recharge Acquisition Corp. (Nasdaq: RCHGU) (the “Company”) announced today that, commencing on or about November 23, 2020, holders of the 20,040,000 units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock and warrants included in the units. Class A common stock and warrants that are separated will trade on The Nasdaq Capital Market under the symbols “RCHG” and “RCHGW”, respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on The Nasdaq Capital Market under the symbol “RCHGU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) and declared effective on September 30, 2020. 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 an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on companies in the convenience store industry. The Company is led by Chairman, Rajesh Soin, Chief Executive Officer, Anthony Kenney, and Chief Financial Officer, Michael Gearhardt.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements.” 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 final prospectus for the 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.
Contact
Anthony Kenney
Recharge Acquisition Corp.
(937) 610-4057
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