NEW YORK, April 30, 2021 /PRNewswire/ -- L Catterton Asia
Acquisition Corp (the "Company" or "we") today announced that
commencing May 3, 2021, holders of
the units sold in the Company's initial public offering of
28,650,874 units may elect to separately trade the Class A ordinary
shares and warrants included in the units. Those units not
separated will continue to trade on the Nasdaq Capital Market
("Nasdaq") under the symbol "LCAAU," and the Class A ordinary
shares and warrants that are separated will trade on the Nasdaq
under the symbols "LCAA" and "LCAAW," 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 Class A ordinary shares and
warrants.
The units were initially offered by the Company in an
underwritten offering. Credit Suisse Securities (USA) LLC served as the sole book-running
manager for the offering. A registration statement relating to the
units and the underlying securities was declared effective by the
Securities and Exchange Commission (the "SEC") on March 10, 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.
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
thereof. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or 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 preliminary prospectus for the Company's 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.
About L Catterton Asia Acquisition Corp
L Catterton Asia Acquisition Corp is a blank check company newly
incorporated for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses or
entities. While we may pursue an initial target business in any
industry or sector, we intend to focus our search in high-growth,
consumer technology sectors across Asia. For more information about the Company,
please visit www.lcaac.com.
Contact
Andi Rose / Julie Hamilton
Joele Frank, Wilkinson Brimmer
Katcher
212.355.4449
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SOURCE L Catterton