Rodgers Silicon Valley Acquisition Corp. Announces the Separate Trading of Its Common Stock and Warrants, Commencing January 4, 2021

Rhea-AI Summary

Rodgers Silicon Valley Acquisition Corp. (NASDAQ: RSVAU) announced that starting January 4, 2021, holders of the units from its initial public offering can trade shares of common stock and warrants separately. The common stock will trade under the symbol 'RSVA,' and the warrants under 'RSVAW.' Those who choose not to separate their units can continue trading them under 'RSVAU.' Investors must contact their brokers to effectuate this separation. Oppenheimer & Co. Inc. managed the offering, which is aimed at providing early access to innovative technology companies in sectors like green energy and AI.

Positive

• Units can now be traded separately, increasing liquidity for investors.
• Focus on early access to innovative Silicon Valley technology companies, potentially driving growth.

Negative

• None.

Rodgers Silicon Valley Acquisition Corp. (NASDAQ: RSVAU, the “Company”) today announced that, commencing on or about January 4, 2021, holders of the units sold in the Company’s initial public offering may elect to separately trade the shares of common stock and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The shares of common stock and warrants that are separated will trade on The Nasdaq Capital Market (“Nasdaq”) under the symbols “RSVA” and “RSVAW,” respectively. Those units not separated will continue to trade on the Nasdaq under the symbol “RSVAU” 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 common stock and warrants.

Oppenheimer & Co. Inc. acted as the sole book-running manager for the offering. The offering was made only by means of a prospectus, copies of which may be obtained by contacting Oppenheimer & Co. Inc. Attention: Syndicate Prospectus Department, 85 Broad Street, 26^th Floor, New York, NY 10004, or by telephone at (212) 667-8563, or by email at EquityProspectus@opco.com or by visiting EDGAR on the SEC’s website at www.sec.gov.

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.

About Rodgers Silicon Valley Acquisition Corp.

Rodgers Silicon Valley Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company’s mission is to provide fundamental public technology investors with early access to an excellent Silicon Valley technology company with a focus on green energy, electrification, storage, Smart Industry (IoT), Artificial Intelligence and the new automated-manufacturing wave.

Forward Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward looking statements are statements that are not historical facts. Such forward-looking statements, including the successful consummation of the Company’s initial public offering, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210104005107/en/

FAQ

When can I start trading RSVAU units separately?

You can start trading the units separately on or about January 4, 2021.

What symbols will the common stock and warrants trade under?

The common stock will trade under 'RSVA' and the warrants under 'RSVAW'.

How can I separate my RSVAU units?

Holders must have their brokers contact Continental Stock Transfer & Trust Company to separate the units.

Who managed the initial public offering for RSVAU?

Oppenheimer & Co. Inc. was the sole book-running manager for the offering.

What sectors does Rodgers Silicon Valley Acquisition Corp. focus on?

The company focuses on technology sectors including green energy, electrification, AI, and IoT.