Senior Connect Acquisition Corp. I Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing on or about February 1, 2021

Rhea-AI Summary

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.

Positive

• Increased flexibility for investors to trade shares and warrants separately.
• Focus on acquiring businesses in the senior market, positioning for potential growth.

Negative

• None.

Scottsdale, AZ, Jan. 27, 2021 (GLOBE NEWSWIRE) -- Senior Connect Acquisition Corp. I (the “Company”) announced today that holders of the units sold in the Company’s initial public offering of 41,400,000 units completed on December 15, 2020 (the “offering”) may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about February 1, 2021. Any units not separated will continue to trade on The Nasdaq Capital Market (“Nasdaq”) under the symbol “SNRHU”, and each of the shares of Class A common stock and warrants will separately trade on Nasdaq under the symbols “SNRH” and “SNRHW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. 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.

About Senior Connect Acquisition Corp. I

Senior Connect Acquisition Corp. I is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities. While the Company may pursue an initial business combination with a company in any sector or geography, the Company intends to focus its search on businesses serving the senior market or capable of being repositioned to do so.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on December 10, 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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering was made only by means of a prospectus. Copies of the prospectus relating to the offering may be obtained from Citigroup Global Markets Inc., Attention: Prospectus Department, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at (800) 831-9146.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements," including with respect to the search for an initial business combination. 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 for the initial public 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.

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Investor Contact
Ryan Burke
Senior Connect Acquisition Corp. I
(480) 948-9200

FAQ

What is the significance of the trading separation announcement for SNRHU, SNRH, and SNRHW?

This announcement allows investors to trade Class A shares and warrants separately, enhancing liquidity and investment flexibility.

When can investors start trading SNRH and SNRHW?

Investors can start trading the separately listed shares of Class A common stock (SNRH) and warrants (SNRHW) on February 1, 2021.

What was the total number of units sold in the initial public offering?

A total of 41,400,000 units were sold in the initial public offering completed on December 15, 2020.

What is Senior Connect Acquisition Corp. I's focus for future acquisitions?

The company intends to focus on businesses serving the senior market or capable of being repositioned to do so.