DENVER, Nov. 29, 2021 /PRNewswire/ -- Accretion
Acquisition Corp. (the "Company") today announced that commencing
December 1, 2021, holders of the
units sold in the Company's initial public offering may elect to
separately trade the shares of common stock, rights, and warrants
included in the units. Each unit consists of one share of common
stock, par value $0.001 per share,
one right entitling the holder to receive one-tenth of one share of
common stock upon the consummation of an initial business
combination, and one-half of one warrant, with each whole warrant
entitling the holder to purchase one share of common stock at a
price of $11.50 per share. No
fractional warrants will be issued upon separation of the units and
only whole warrants will trade. The shares of common stock, rights
and warrants that are separated will trade on the Nasdaq Global
Market (the "Nasdaq") under the symbols "ENER," "ENERR," and
"ENERW," respectively. Those units not separated will continue to
trade on the Nasdaq under the symbol "ENERU." Holders of the units
will need to have their brokers contact Continental Stock Transfer
& Trust Company, the Company's transfer agent, in order to
separate the holders' units into shares of common stock, rights,
and warrants.
The units were initially offered by the Company in an
underwritten offering. EarlyBirdCapital, Inc. and Stephens Inc.
acted as the book-running managers.
A registration statement relating to the units and the
underlying securities became effective on October 20, 2021. 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. A copy of the final prospectus relating to the
offering may be obtained for free by visiting the U.S. Securities
and Exchange Commission (the "SEC") website at http://www.sec.gov.
ABOUT ACCRETION ACQUISITION CORP.
Accretion Acquisition Corp. is a blank check company organized
for the purpose of effecting a merger, share exchange, asset
acquisition, stock purchase, recapitalization or other similar
business combination with one or more businesses or entities. The
Company's efforts to identify a prospective target business will
not be limited to any particular industry or geographic region.
FORWARD LOOKING STATEMENTS
This press release contains statements that constitute
"forward-looking statements." 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 Company's 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.
View original
content:https://www.prnewswire.com/news-releases/accretion-acquisition-corp-announces-separate-trading-of-its-common-stock-rights-and-warrants-commencing-december-1-2021-301433204.html
SOURCE Accretion Acquisition Corp.