CHICAGO, Nov. 3, 2021 /PRNewswire/ -- Sierra Lake
Acquisition Corp. (Nasdaq: SIERU) (the "Company") announced today
that, commencing November 5, 2021,
holders of the units sold in the Company's initial public offering
of 30,000,000 units completed on September
17, 2021 may elect to separately trade the shares of the
Company's Class A common stock ("Class A Common Stock") and
warrants included in the units.
No fractional warrants will be issued upon separation of the
units and only whole warrants will trade. The shares of Class A
Common Stock and warrants that are separated will trade on The
Nasdaq Capital Market ("Nasdaq") under the symbols "SIER" and
"SIERW," respectively. Those units not separated will continue to
trade on Nasdaq under the symbol "SIERU." 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. Cantor Fitzgerald & Co. served as sole
bookrunner for the offering. A registration statement relating to
the units and the underlying securities was declared effective by
the U.S. Securities and Exchange Commission (the "SEC") on
September 14, 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 an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. The offering was
made only by means of a prospectus. Copies of the prospectus may be
obtained by contacting Cantor Fitzgerald & Co., Attention
Capital Markets, 499 Park Avenue, New
York, NY 10022, or by e-mail at prospectus@cantor.com.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
Company's search for an initial business combination. No assurance
can be given as to the consummation of any business combination or
the terms thereof. 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 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.
About Sierra Lake Acquisition Corp.
The Company is a blank check company formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. The Company has not selected any specific
business combination target.
Contact:
Charles Alutto
Chief Executive Officer
(331) 305-4319
calutto@sierralakecorp.com
View original
content:https://www.prnewswire.com/news-releases/sierra-lake-acquisition-corp-announces-the-separate-trading-of-its-class-a-common-stock-and-warrants-commencing-november-5-2021-301415798.html
SOURCE Sierra Lake Acquisition Corp