SINGAPORE, Feb. 23, 2021 /PRNewswire/ - Ivanhoe Capital
Acquisition Corp. (NYSE: IVAN.U) (the "Company") today announced
that, commencing March 1, 2021,
holders of the units sold in the Company's initial public offering
may elect to separately trade shares of the Company's ordinary
shares and warrants included in the units.
No fractional warrants will be issued upon separation of the
units and only whole warrants will trade. The ordinary shares and
warrants that are separated will trade on the New York Stock
Exchange under the symbols "IVAN" and "IVAN WS", respectively.
Those units not separated will continue to trade on the New York
Stock Exchange under the symbol "IVAN.U". 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 ordinary shares and warrants.
Ivanhoe Capital Acquisition Corp. is a blank-check company
formed for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. The Company intends to
seek a target in industries related to the paradigm shift away from
fossil fuels towards the electrification of industry and
society.
Morgan Stanley & Co. LLC acted as the sole book-running
manager for the offering.
The offering was made only by means of a prospectus. Copies of
the prospectus relating to this offering may be obtained by
contacting Morgan Stanley & Co. LLC, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, New York 10014.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on January 6, 2021. 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.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the search
for an initial business combination. No assurance can be given that
the 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 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.
Contact
Gary Gartner
Ivanhoe Capital Acquisition Corp.
Tel: +65 6337 1818
info@ivanhoecapitalacquisition.com
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SOURCE Ivanhoe Capital Acquisition Corp.