Burgundy Technology Acquisition Corp. Announces the Separate Trading of Its Ordinary Shares & Warrants Commencing on October ...
05 Octubre 2020 - 4:19PM
Business Wire
Burgundy Technology Acquisition Corporation (the “Company”),
which is co-founded and led by tech industry veterans Léo Apotheker
and Jim Mackey, announced today that commencing on October 8, 2020,
holders of the 34,500,000 units sold in the Company’s initial
public offering may elect to separately trade the 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. Those units not separated will continue to trade on the
Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “BTAQU,”
and the ordinary shares and warrants are expected to separately
trade on Nasdaq under the symbols “BTAQ” and “BTAQW,” respectively.
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 ordinary shares and warrants.
Mr. Apotheker, the former CEO of German software company SAP SE
and The Hewlett-Packard Company, serves as Chairman and Co-CEO of
the Company. Mr. Mackey, who previously worked as a Managing
Director, Chairman of Software, Technology Investment Banking team
at Citigroup and held senior leadership roles at SAP SE, OpenText
and BlackBerry, serves as Co-CEO and CFO. The Company is formed for
the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus on public and private opportunities
in the technology sector, particularly companies in enterprise
software or technology-enabled services.
Mizuho Securities USA LLC acted as the global coordinator and
sole book-running manager for the offering. I-Bankers Securities,
Inc. acted as co-manager.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained from Mizuho Securities USA LLC,
Attention: Equity Capital Markets, 1271 Avenue of the Americas, New
York 10020; Telephone: 212-205-7600.
A registration statement relating to these securities has been
filed with, and declared effective by, the Securities and Exchange
Commission (the “SEC”) on August 26, 2020. Copies of the
registration statement and prospectus are available on the SEC’s
website, www.sec.gov. 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.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and the anticipated use of the net proceeds. No
assurance can be given that the net proceeds of the offering will
be used 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 prospectus for the 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20201005005932/en/
Jim Mackey Chief Financial Officer Burgundy Technology
Acquisition Corporation jim.mackey@burgundytechnology.com
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