LGL Systems Acquisition Corp. “DFNSU” announces it will List on the New York Stock Exchange
February 28 2020 - 6:04PM
LGL Systems Acquisition Corp. (Nasdaq: DFNSU) (the “Company”)
announced today that it is voluntarily transferring the listing of
its units from the Nasdaq Capital Market ("Nasdaq") to the New York
Stock Exchange ("NYSE").
The Company will retain its current “DFNS.U” ticker symbol for
the units with the transfer and expects they will trade on the NYSE
on or before March 12, 2020. In addition, the Company expects
separate trading of its Class A common stock DFNS (common) and
warrants DFNS WS (warrants) comprising the units to begin trading
on the NYSE on March 13, 2020 under the ticker symbols “DFNS” and
“DFNS WS.” Prior to March 12, 2020, the Company’s units will
continue to trade on Nasdaq and following the commencement of
separate trading of the Class A common begin trading on stock and
warrants on the NYSE, the units will no longer be listed on the
NYSE.
“We are pleased to announce the transition of the
DFNSU listing to the New York Stock Exchange and look forward to
offering investors the New York’s trading liquidity and access to
capital markets associated with such a globally recognized stock
exchange. We thank the professionals at the NASDAQ for their
efforts during the initial period of LGL’s introduction to the
stock market.”, said Marc Gabelli, the Company’s Chief Executive
Officer.
About LGL Systems Acquisition Corp.
LGL Systems Acquisition Corp. is a blank check
company organized for the purpose of effecting a merger, share
exchange, asset acquisition, share purchase, reorganization, or
other similar business combination with one or more businesses or
entities. The Company’s efforts to identify a prospective target
business will not be limited to any particular industry or
geographic region, although the Company initially intends to focus
on target businesses in the aerospace, defense and communications
industries with enterprise valuations in the range of $350 million
to $1 billion.
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 with respect to the initial
public offering, the anticipated use of the proceeds thereof and
the search for an initial business combination, are subject to
risks and uncertainties, which could cause actual results to differ
from the forward looking statements, including those set forth in
the risk factors section of the prospectus used in connection with
the Company’s initial public offering. No assurance can be given
that the offering discussed above will be completed on the terms
described, or at all, or that the net proceeds of the offering will
be used as indicated. 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, except as required by law.
Contact: investors@dfns.ai
Marc Gabelli Chief Executive Officer
(775) 393-9113
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