PWP Forward Acquisition Corp. I Announces the Separate Trading of Its Class A Common Stock & Redeemable Warrants Commencing A...
April 29 2021 - 7:30AM
Business Wire
PWP Forward Acquisition Corp. I (Nasdaq: FRWAU) (the “Company”)
today announced that, commencing April 30, 2021, holders of the
units sold in the Company’s initial public offering of 21,163,433
units completed on March 12, 2021, may elect to separately trade
the shares of Class A common stock and redeemable warrants included
in the units. Those units not separated will continue to trade on
the Nasdaq Capital Market (“Nasdaq”) under the symbol “FRWAU,” and
the shares of Class A common stock and redeemable warrants that are
separated will trade on Nasdaq under the symbols “FRW” and “FRWAW,”
respectively. No fractional warrants will be issued upon separation
of the units and only whole warrants will trade. 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
redeemable warrants.
The Company was formed as a Delaware corporation for the purpose
of effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. Although the Company’s efforts to identify
a prospective business combination opportunity will not be limited
to a particular industry, it intends to focus on enhancing access
to public financing for companies that are founded by, led by or
enrich the lives of women.
The units were initially offered by the Company in an
underwritten offering. Citigroup acted as the book-running manager,
and Siebert Williams Shank & Co., Telsey Advisory Group and
Tigress Financial Partners acted as co-managers for the
offering.
The offering was made only by means of a prospectus, copies of
which may be obtained for free from the U.S. Securities and
Exchange Commission (the “SEC”) website at www.sec.gov or by
contacting Citigroup Global Markets Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by
telephone at 1-800-831-9146.
A registration statement relating to the securities became
effective on March 9, 2021. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy securities
of the Company, 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.
Forward-Looking Statements
This press release may include “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements other than statements of historical fact
included in this press release are forward-looking statements. When
used in this press release, words such as “anticipate,” “believe,”
“estimate,” “expect,” “intend” and similar expressions, as they
relate to us or our management team, identify forward-looking
statements. Such forward-looking statements are based on the
beliefs of management, as well as assumptions made by, and
information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the SEC. All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. 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 relating to the
Company’s initial public offering filed with the SEC. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20210429005238/en/
Investors: Kara Findlay pfacinvestors@pwpartners.com
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