Greencity Acquisition Corporation Announces the Early Separate Trading of its Ordinary Shares and Warrants
26 Agosto 2020 - 3:15PM
Greencity Acquisition Corporation (the “Company”) announced today
that, commencing August 28, 2020, holders of the 4,000,000 units
sold in the Company’s initial public offering may elect to
separately trade the Company’s ordinary shares and warrants
included in the units. The ordinary shares and warrants that are
separated will trade on The Nasdaq Capital Market under the symbols
“GRCY” and “GRCYW,” 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 “GRCYU.” 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 ordinary shares and warrants.
The units were initially offered by the Company
in an underwritten offering. Ladenburg Thalmann & Co. Inc.
acted as the sole book running manager for the offering and
Brookline Capital Markets, a division of Arcadia Securities, LLC
acted as co-manager of the offering. The offering was made only by
means of a prospectus. Copies of the prospectus may be obtained by
contacting Ladenburg Thalmann & Co. Inc., Attn: Syndicate
Department, 277 Park Ave., 26th Floor, New York, NY 10172,
telephone number: 1-800-573-2541, e-mail:
prospectus@ladenburg.com. A registration statement relating to
these securities became effective on July 23, 2020. 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.
About Greencity Acquisition
Corporation
The Company is a blank check company
incorporated as a Cayman Islands exempted company and formed for
the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an acquisition opportunity in any industry or sector, the
Company intends to focus on businesses that have a connection to
the Asian market.
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 offering filed with the Securities and Exchange
Commission (“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
Richard Yu Chief Financial Officer (+86) 18017342125
richardyu@grcyu.com
Greencity Acquisition (NASDAQ:GRCYU)
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