10X Capital Venture Acquisition Corp. II Announces the Separate Trading of its Ordinary Shares and Warrants, Commencing October 1, 2021
10X Capital Venture Acquisition Corp. II (Nasdaq: VCXAU) announced that starting October 1, 2021, holders of units sold in the IPO can separately trade Class A ordinary shares and warrants. The separated shares will trade under the symbols 'VCXA' and 'VCXAW' on Nasdaq, while unseparated units will continue under 'VCXAU.' This transition allows for more trading flexibility. The units were initially offered with Cantor Fitzgerald & Co. as the sole book-running manager, and the registration was approved by the SEC on August 10, 2021.
- Increased trading flexibility for unit holders starting October 1, 2021.
- Separation of units allows for independent trading of shares and warrants, potentially enhancing market activity.
- None.
New York, NY, Sept. 29, 2021 (GLOBE NEWSWIRE) -- 10X Capital Venture Acquisition Corp. II (Nasdaq: VCXAU) (the “Company”) announced today that, commencing October 1, 2021, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units.
No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on The Nasdaq Capital Market (“Nasdaq”) under the symbols “VCXA” and “VCXAW,” respectively. Those units not separated will continue to trade on Nasdaq under the symbol “VCXAU.” 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.
The units were initially offered by the Company in an underwritten offering. Cantor Fitzgerald & Co. acted as the sole book-running manager for the offering. A registration statement relating to the units and the underlying securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on August 10, 2021.
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 an 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 may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022; Email: prospectus@cantor.com.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. No assurance can be given as to the consummation of any business combination or the terms thereof. 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 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.
Contact
Max Staedtler
10X Capital
One World Trade Center, 85th Floor
New York, NY 10007
(212) 257-0069
max@10xcapital.com
FAQ
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