Power & Digital Infrastructure Acquisition II Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Warrants Commencing January 31, 2022
Power & Digital Infrastructure Acquisition II Corp. (NASDAQ: XPDBU) announced that starting January 31, 2022, holders of its initial public offering units can separately trade shares of Class A common stock and warrants. The IPO, which included 28,750,000 units, was completed on December 14, 2021. Shares will trade under the symbols XPDB for common stock and XPDBW for warrants. Unitholders must contact the transfer agent, Continental Stock Transfer & Trust Company, to facilitate this separation.
- Facilitates trading flexibility for investors by allowing separation of units into common stock and warrants.
- Potential for increased market activity with the availability of separate trading options for the securities.
- None.
The units were initially offered by the Company in an underwritten offering.
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
The Company is a newly organized blank check company incorporated in
Forward-Looking Statements
This press release contains statements that constitute “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 separation of the units into shares of Class A common stock and warrants. No assurance can be given that the units will be separated as indicated. 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 final prospectus relating to the Company's initial public offering filed with the
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Chief Executive Officer
peilers@transitionequity.com
(312) 961-6605
Chairman of the Board of Directors
ted@xmscapital.com
(312) 806-4440
Chief Financial Officer
jim@xmscapital.com
(847) 770-5235
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