Thayer Ventures Acquisition Corporation Announces the Separate Trading of its Class A Common Stock and Redeemable Warrants Commencing February 9, 2021
Thayer Ventures Acquisition Corporation (NASDAQ:TVACU) announced that starting February 9, 2021, holders of its initial public offering units can separate and trade shares of Class A common stock and redeemable warrants. Originally trading under symbol TVACU, separated shares will be traded under symbols TVAC and TVACW. The initial offering comprised 17,250,000 units and was managed by Stifel, Nicolaus & Company, Inc. and Oppenheimer & Co. Inc. This announcement follows the effectiveness of the registration statement on December 10, 2020.
- Holders can now separately trade Class A common stock and redeemable warrants, potentially increasing market liquidity.
- Initial public offering successfully raised funds with significant management experience in travel and transportation technology.
- None.
VALENCIA, CA / ACCESSWIRE / February 9, 2021 / Thayer Ventures Acquisition Corporation (NASDAQ:TVACU) (the "Company") today announced that, commencing today, February 9, 2021, holders of the units sold in the Company's initial public offering of 17,250,000 units which commenced trading on December 11, 2020, 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 The Nasdaq Capital Market ("Nasdaq") under the symbol "TVACU," and the shares of Class A common stock and redeemable warrants that are separated will trade on Nasdaq under the symbols "TVAC" and "TVACW," 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.
The units were initially offered by the Company in an underwritten offering. Stifel, Nicolaus & Company, Incorporated and Oppenheimer & Co. Inc. acted as joint book-running managers for the offering.
The offering was made only by means of a prospectus, copies of which may be obtained for free from the U.S. Securities and Exchange Commission (the "SEC") website at www.sec.gov or by contacting Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, Maryland 21202, email: syndprospectus@stifel.com, or by telephone: (855) 300-7136 and Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New York, New York 10004, or by email at equityprospectus@opco.com.
A registration statement relating to the securities became effective 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.
About Thayer Ventures Acquisition Corporation
Thayer Ventures Acquisition Corporation is a newly formed blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition opportunity in any industry or sector, it intends to focus on the travel and transportation technology sectors, which align with the background and investing experience of the Company's management team.
Forward Looking Statements
This press release includes "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.
TVAC Media Contact:
Michael Frenkel, Thayer Ventures
(201) 317-7035
TVAC@Thayerventures.com
TVAC Investor Relations Contact:
Chris Tyson/Doug Hobbs
SPAC Alpha IR+
(949) 491-8235
TVAC@mzgroup.us
SOURCE: Thayer Ventures Acquisition Corporation
View source version on accesswire.com:
https://www.accesswire.com/628605/Thayer-Ventures-Acquisition-Corporation-Announces-the-Separate-Trading-of-its-Class-A-Common-Stock-and-Redeemable-Warrants-Commencing-February-9-2021
FAQ
What is the significance of Thayer Ventures Acquisition Corporation's press release on February 9, 2021?
How can investors separate their units for Thayer Ventures Acquisition Corporation?
What are the trading symbols for Thayer Ventures Acquisition Corporation's shares post-separation?
Who managed the initial public offering for Thayer Ventures Acquisition Corporation?
