Proficient Alpha Acquisition Corp. Announces the Separate Trading of its Common Stock, Warrants and Rights
June 18 2019 - 5:29PM
Proficient Alpha Acquisition Corp. (the “Company”) announced today
that, commencing June 20, 2019, holders of the 11,500,000 units
sold in the Company’s initial public offering may elect to
separately trade shares of the Company’s common stock, warrants and
rights included in the units. Common stock, warrants and rights
that are separated will trade on The Nasdaq Capital Market under
the symbols “PAAC,” “PAACW” and “PAACR,” respectively. Those units
not separated will continue to trade on The Nasdaq Capital Market
under the symbol “PAACU.” 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 common stock, warrants and rights.
A registration statement relating to these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission (“SEC”) on May 29,
2019. 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.
About Proficient Alpha Acquisition
Corp.Proficient Alpha Acquisition Corp. is a blank check
company formed for the purpose of entering into a merger, share
exchange, asset acquisition, stock purchase, recapitalization,
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 a particular
industry or geographic region, although the Company intends to
focus its search on companies which provide financial services in
Asia, primarily China.
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 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
Tracy Luo
Chief Financial Officer
Proficient Alpha Acquisition Corp.
Info@paac-us.com
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