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Shelter Acquisition Corporation I (NASDAQ: SHQAU) announced that starting August 20, 2021, holders of its 22,164,744 units can opt to separate their shares of Class A common stock and warrants for individual trading. The separated shares will trade under the symbols SHQA and SHQAW, while the units will continue under SHQAU. The initial offering was managed by Citigroup Global Markets and Wells Fargo Securities. This announcement pertains to trading mechanics rather than financial performance, with no significant details affecting stock values reported.
Shelter Acquisition Corporation I has announced the pricing of its initial public offering (IPO) of 20 million units at $10.00 each, raising $200 million. The IPO will commence trading on the Nasdaq under the symbol 'SHQAU' on June 30, 2021. Each unit includes one share of Class A common stock and one-half of a redeemable warrant, with whole warrants allowing purchase of additional shares at $11.50 each. Citigroup and Wells Fargo Securities are joint book-running managers. The offering is expected to close on July 2, 2021, pending customary conditions.
