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Senior Connect Acquisition Corp. I (Nasdaq: SNRHU) announced it is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the late filing of its Q1 2021 Form 10-Q, which was due by May 24, 2021. The company has until July 26, 2021, to submit the report to regain compliance. This follows the SEC's guidance on warrants issued by SPACs, which may affect its financial statements. The company is actively working to finalize the report and file it as soon as possible.
Senior Connect Acquisition Corp. I announced that starting February 1, 2021, holders of its initial public offering units can separately trade the shares of Class A common stock and warrants. The units sold in the offering totaled 41,400,000, completed on December 15, 2020. The stock symbols for trading are 'SNRHU' for units, 'SNRH' for Class A common stock, and 'SNRHW' for warrants. This move allows investors greater flexibility in managing their investments. The company aims to pursue business combinations focusing on the senior market.
Senior Connect Acquisition Corp. I successfully closed its initial public offering (IPO) on December 15, 2020, raising $414 million by issuing 41.4 million units at $10 each. The IPO's 5.4 million over-allotment units were fully exercised by underwriters. The units began trading on Nasdaq under the ticker symbol SNRHU. Each unit consists of one share of Class A common stock and half a warrant, with each warrant exercisable at $11.50. The company aims to merge or acquire businesses focused on the senior market.
Senior Connect Acquisition Corp. I has announced the pricing of its initial public offering of 36 million units at $10.00 each, set to trade on Nasdaq under the symbol 'SNRHU' starting December 11, 2020. Each unit includes one share of Class A common stock and half a redeemable warrant, with full warrants priced at $11.50. The offering will close on December 15, 2020, with Citigroup Global Markets acting as the sole bookrunner. The company aims to merge or acquire businesses, particularly within the senior market sector.
