SportsTek Acquisition Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Redeemable Warrants Commencing April 9, 2021
SportsTek Acquisition Corp. (Nasdaq: SPTKU) announced that starting April 9, 2021, holders of its 17,250,000 initial public offering units can separately trade Class A common stock and redeemable warrants. The units will continue to trade under the symbol 'SPTKU,' while Class A shares and warrants will trade under 'SPTK' and 'SPTKW,' respectively. Holders must contact the transfer agent, Continental Stock Transfer & Trust Company, to separate their units. This press release does not constitute an offer to sell securities.
- Ability for investors to trade shares of Class A common stock and redeemable warrants separately.
- Increased liquidity for holders of SPTKU units through separate trading.
- None.
TULSA, Okla., April 06, 2021 (GLOBE NEWSWIRE) -- SportsTek Acquisition Corp. (Nasdaq: SPTKU) (the “Company”) announced that, commencing April 9, 2021, holders of the units sold in the Company’s initial public offering of 17,250,000 units may elect to separately trade the shares of Class A common stock and redeemable warrants included in the units. Those units not separated will continue to trade on Nasdaq under the symbol “SPTKU” and the shares of Class A common stock and redeemable warrants that are separated will trade on Nasdaq under the symbols “SPTK” and “SPTKW,” 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 redeemable warrants.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of 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.
About SportsTek Acquisition Corp.
SportsTek was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although SportsTek’s efforts to identify a prospective business combination opportunity will not be limited to a particular industry, it intends to focus on a target within the sports and related sectors including sports franchises, media, data analytics, and technology and services businesses serving those end markets, among others.
Forward-Looking Statements
This press release may include “forward-looking statements,” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including with respect to the anticipated separate trading of the Company’s Class A common stock and redeemable warrants and the pursuit of an initial business combination. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “estimate,” “expect,” “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. 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 and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
FAQ
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