REDWOOD CITY, Calif.,
Dec. 17, 2021 /PRNewswire/
-- Project Energy Reimagined Acquisition Corp. (NASDAQ: PEGRU)
("Project Energy" or the "Company") announced that, commencing
December 20, 2021, holders of the
26,377,660 units sold in the Company's initial public offering may
elect to separately trade the Class A ordinary shares and warrants
included in the units. Any units not separated will continue to
trade on the Nasdaq Global Market (the "Nasdaq") under the symbol
"PEGRU," and the separated Class A ordinary shares and warrants are
expected to trade on the Nasdaq under the symbols "PEGR" and
"PEGRW," respectively. No fractional warrants will be issued upon
separation of the units and only whole warrants will trade.
Unitholders 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. J.P. Morgan Securities LLC and BofA
Securities, Inc. acted as joint book-running managers of 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 October
28, 2021.
The offering was made only by means of a prospectus. Copies of
the prospectus related to the offering may be obtained from J.P.
Morgan Securities LLC at c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New
York 11717, telephone: 1-866-803-9204, or by email at
prospectus-eq_fi@jpmchase.com; or BofA Securities at Attention:
Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte, NC 28255-0001,
or by emailing dg.prospectus_requests@bofa.com.
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 offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Project Energy
Project Energy Reimagined Acquisition Corp. is a blank check
company whose business purpose is to effect a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses. While the
Company may pursue an initial business combination with a company
in any industry, sector or geographic region, the Company intends
to focus its search on high-potential ESG targets within the
advanced renewable energy "Grid 2.0" value-chain, including targets
focused on grid reliability and stability solutions,
electrification of transportation and electric vehicle
infrastructure, smart and/or AI-enabled grid optimization, energy
storage, second-life use of batteries and end of life battery
recycling.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
anticipated separation of the units into Class A ordinary shares
and warrants. No assurance can be given that the units will be
separated 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 final prospectus relating
to 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.