WAXAHACHIE, Texas, Oct. 15, 2021 /PRNewswire/ -- Minority
Equality Opportunities Acquisition Inc. (Nasdaq: MEOAU) (the
"Company") announced that, commencing October 18, 2021, holders of the units sold in
the Company's initial public offering may elect to separately trade
shares of the Company's Class A common stock ("Class A Common
Stock") and warrants included in the units. The Class A Common
Stock and warrants that are separated will trade on the Nasdaq
Capital Market ("Nasdaq") under the symbols "MEOA" and "MEOAW,"
respectively. Those units not separated will continue to trade on
Nasdaq under the symbol "MEOAU." 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.
The units were initially offered by the Company in an
underwritten offering. Maxim Group LLC acted as sole book-running
manager for the offering. A registration statement relating to the
units and the underlying securities became effective on
August 25, 2021.
The public offering was made only by means of a prospectus,
copies of which may be obtained by contacting Maxim Group LLC, 300
Park Avenue, 16th Floor, New York, New
York 10022, at (212) 895-3500, or by visiting EDGAR on the
SEC's website at www.sec.gov.
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.
About Minority Equality Opportunities Acquisition
Inc.
Minority Equality Opportunities Acquisition Inc. is a blank
check company, also commonly referred to as a special purpose
acquisition company, or SPAC, organized under the laws of
Delaware 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 or entities. While the Company may pursue an
initial business combination target in any business, industry or
geographical location, it intends to focus its search on
transactions with companies that are Minority Owned Businesses,
such that, immediately following the completion of its initial
business combination, the combined company would qualify as a
Minority Controlled Business. In general, a "Minority Owned
Business" is a business at least 51% of the equity ownership
interest in which is owned by one or more minority individuals who
are United States citizens or
legal resident aliens and both the management and daily business
operations of which are exercised by one or more minority
individuals (with a minority group member being an individual who
is at least 25% Asian-Indian, Asian-Pacific, Black, Hispanic or
Native American), and a "Minority Controlled Business" is a
business that would qualify for certification as a "minority
business enterprise" by the National Minority Supplier Development
Council, Inc.
Forward-Looking Statements:
This press release contains statements that constitute
"forward-looking statements," including with respect to the
anticipated trading of the Company's Class A common stock and
warrants and search for an initial business combination.
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 prospectus for
its 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.
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SOURCE Minority Equality Opportunities Acquisition Inc.