Growth Capital Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing March 22...
18 Marzo 2021 - 2:05PM
Growth Capital Acquisition Corp. (NASDAQ: GCACU) (the “Company”)
announced today that, commencing March 22, 2021, holders of the
17,250,000 units sold in the Company’s initial public offering may
elect to separately trade shares of the Company’s Class A common
stock and warrants included in the units. Class A common stock and
warrants that are separated will trade on the Nasdaq Capital Market
under the symbols “GCAC” and “GCACW,” respectively. 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 under the symbol “GCACU.”
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 warrants.
A registration statement relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission (the “SEC”) on January 29, 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.
Growth Capital is a Delaware blank check
company, also commonly referred to as a Special Purpose Acquisition
Company (or SPAC), formed for the purpose of entering into a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses or entities. The Company's efforts to identify a target
business will not be limited to a particular industry or geographic
region. Growth Capital is led by Co-Chief Executive Officers Akis
Tsirigakis and George Syllantavos and Maxim Group LLC and received
financial backing from HB Strategies LLC, an affiliate of Hudson
Bay Capital Management LP.
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 the
final 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.
Contact
George SyllantavosCo-CEO & CFOGrowth Capital
Acquisition
Corp.Email: inquiries@gcacorp.comWebsite: www.gcacorp.com
Growth Capital Acquisition (NASDAQ:GCACU)
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