Provident Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing March 1, 2021
February 23 2021 - 6:18AM
Business Wire
Provident Acquisition Corp. (the “Company”) announced today
that, commencing March 1, 2021, holders of the units sold in the
Company’s initial public offering of 23,000,000 units, completed on
January 12, 2021, may elect to separately trade the shares of Class
A ordinary shares and warrants included in the units. Those units
not separated will continue to trade on the Nasdaq Capital Market
(the “Nasdaq”) under the symbol “PAQCU,” and the shares of Class A
ordinary shares and warrants that are separated will trade on the
Nasdaq under the symbols “PAQC” and “PAQCW,” 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 Class A ordinary shares and warrants.
The offering was made only by means of a prospectus, copies of
which may be obtained from Citigroup Global Markets Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717, via telephone at 1-800-831-9146 or via email
prospectus@citi.com.
Citigroup Global Markets Inc. acted as sole bookrunner of the
offering. A registration statement relating to the securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on January 7, 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.
About Provident Acquisition Corp.
Provident Acquisition Corp. was formed for the purpose of
effecting a merger, share exchange, asset acquisition, share
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 consumption-focused
companies with disruptive growth potential that have operations or
prospective operations in Asia, with a particular focus on the
technology sector in Southeast Asia.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
Company’s search for an initial business combination. No assurance
can be given that the Company will ultimately complete a business
combination transaction. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210223005642/en/
Investor Contact Michael Aw Chief Executive Officer Unit
11C/D, Kimley Commercial Building 142 – 146 Queen’s Road Central
Hong Kong +852 6191 3317 michael.aw@procap-partners.com
Provident Acquisition (NASDAQ:PAQCU)
Historical Stock Chart
From Jun 2024 to Jul 2024
Provident Acquisition (NASDAQ:PAQCU)
Historical Stock Chart
From Jul 2023 to Jul 2024