TWC Tech Holdings II Corp. Announces Separate Trading of its Class A Common Stock and Warrants, Commencing November 2, 2020
29 Octubre 2020 - 2:00PM
TWC Tech Holdings II Corp. (Nasdaq: TWCTU) (the “Company”)
announced today that, commencing November 2, 2020, holders of the
60,000,000 units sold in the Company’s initial public offering may
elect to separately trade shares of the Company’s Class A common
stock and warrants included in the units. Class A common stock and
warrants that are separated will trade on The Nasdaq Capital Market
under the symbols “TWCT” and “TWCTW,” 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 Markets under the symbol “TWCTU.”
Holders of units will need to have their brokers contact American
Stock Transfer & Trust Company, the Company’s transfer agent,
in order to separate the units into shares of Class A common stock
and warrants.
A registration statement relating to these
securities has been filed with the Securities and Exchange
Commission (“SEC”) and declared effective on September 10,
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.
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. While the Company may
pursue an initial business combination target in any business or
industry, it intends to focus its search on businesses in the
technology and technology-enabled services sectors that may provide
opportunities for attractive long-term risk-adjusted returns. The
Company is led by Adam H. Clammer, Chief Executive Officer,
President and Director, and James H. Greene, Jr., Chairman of the
Board of Directors.
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 final
prospectus for the 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.
CONTACTStephanie PortilloTrue Wind Capital
press@truewindcapital.com
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