NEW YORK, July 15, 2020 /PRNewswire/ -- PTK Acquisition
Corp. (NYSE: PTK.U, the "Company") announced today that it closed
its initial public offering of 11,500,000 units at $10.00 per unit, including 1,500,000 units sold
as part of the underwriter's overallotment option. Each unit
consists of one ordinary share and one warrant to purchase one half
of one share at $11.50 per whole
share.
The units are listed on the NYSE American ("NYSE American") and
trade under the ticker symbol "PTK.U". Once the securities
comprising the units begin separate trading, the common stock and
warrants are expected to be listed on the NYSE American under the
symbols "PTK" and "PTK WS" respectively.
Chardan acted as sole book running manager in the offering.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
July 13, 2020. The offering is being
made only by means of a prospectus, copies of which may be
obtained, when available, by contacting Chardan Capital Markets,
LLC, 17 State Street, 21st Floor, New
York, New York 10004.
This press release shall not constitute an offer to sell or a
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 PTK Acquisition Corp.
PTK 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. PTK Acquisition Corp. anticipates targeting
companies in the U.S. that focus on the most innovative subsectors
within corporate and institutional information technology, hardware
and software systems, and markets for the consumer-oriented gaming
and digital entertainment.
Forward Looking Statements
This press release includes forward-looking statements that involve
risks and uncertainties. Forward looking statements are statements
that are not historical facts. Such forward-looking statements,
including the successful consummation of the Company's initial
public offering, are subject to risks and uncertainties, which
could cause actual results to differ from the forward looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Contact:
Ker Zhang
Secretary and Director
kerzhang@ptktech.com
View original
content:http://www.prnewswire.com/news-releases/ptk-acquisition-corp-announces-closing-of-115-million-initial-public-offering-301094232.html
SOURCE PTK Acquisition Corp.