An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Sound Point Acquisition Corp I, Ltd announced that starting April 22, 2022, holders of its initial public offering units can separately trade the Class A ordinary shares and warrants. The Class A shares will trade under the ticker symbol SPCM and the warrants under SPCMW, while units not separated will continue under SPCMU. No fractional warrants will be issued. This follows the registration statement effective from March 1, 2022. Sound Point Acquisition Corp is a special purpose acquisition company aiming for business combinations in key sectors aligned with their sponsor's expertise.
Positive
Holders can trade Class A shares and warrants separately, enhancing liquidity.
Class A shares and warrants are now traded on Nasdaq under recognizable symbols (SPCM, SPCM, SPCMWW).
Potential for future business combinations given the company's acquisition focus.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Sound Point Acquisition Corp I, Ltd (the “Company”) today announced that commencing April 22, 2022, holders of the units sold in the Company’s initial public offering may elect to separately trade the Class A ordinary shares and warrants included in the units. Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the ticker symbols “SPCM” and “SPCMW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “SPCMU.” 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 Class A ordinary shares and warrants.
Registration statements relating to these securities have been filed with the Securities and Exchange Commission and became effective on March 1, 2022. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities issued by the Company, 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 of units was made only by means of a prospectus. Copies of the prospectus may be obtained from: BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-001, Attn: Prospectus Department, Email: dg.prospectus_requests@bofa.com or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-866-803-9204, or by email at prospectus-eq_fi@jpmchase.com.
About Sound Point Acquisition Corp I, Ltd
Sound Point Acquisition Corp I, Ltd is a special purpose acquisition company and was 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 has not selected any specific business combination target but intends to concentrate its efforts in sectors where Sound Point Capital Management, LP, an affiliate of the Company’s sponsor, maintains a deep level of relationships and experience.
