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Signal Hill Acquisition Corp. (NASDAQ: SGHLU) announced that starting on March 25, 2022, holders of its units can trade shares of its common stock and warrants separately. The common stock will trade under the symbol SGHL and warrants under SGHLW, while units not separated will continue trading as SGHLU. Note that only whole warrants will be issued. Investors interested in separating their units must contact Continental Stock Transfer & Trust Company, the transfer agent.
Signal Hill Acquisition Corp. closed its IPO on February 15, 2022, raising $100 million by selling 10 million units at $10.00 each. The units began trading on NASDAQ under the ticker SGHLU on February 11, 2022. Each unit includes one share of Class A common stock and half a warrant, with whole warrants allowing purchases at $11.50 per share. The underwriters have a 45-day option to buy up to 1.5 million additional units. Signal Hill aims to merge with businesses in consumer media and technology sectors.
