PowerUp Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing April 11, 2022
April 07 2022 - 3:01PM
Business Wire
PowerUp Acquisition Corp. (the “Company”) (NASDAQ: PWUPU)
announced today that, commencing April 11, 2022, holders of the
units sold in the Company’s initial public offering may elect to
separately trade the Company’s Class A ordinary shares and warrants
included in the units. No fractional warrants will be issued upon
separation of the units and only whole warrants will trade. The
Class A ordinary shares and the warrants that are separated will
trade on the Nasdaq Global Market (“Nasdaq”) under the ticker
symbols “PWUP” and “PWUPW,” respectively. Those units not separated
will continue to trade on Nasdaq under the symbol “PWUPU.” Holders
of the units will need to have their brokers contact American Stock
Transfer & Trust Company, LLC, the Company’s transfer agent, to
separate the units into Class A ordinary shares and warrants.
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 PowerUp Acquisition Corp. The Company 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. The focus
of the team is to identify and acquire a business within the
interactive media, digital media, sports, entertainment, and/or
leisure, with a particular focus on video gaming, gaming adjacent,
and new metaverse video gaming businesses. The management team is
led by Bruce Hack, Jack Tretton, Michael Olson and Gabriel
Schillinger. Mike Vorhaus serves as senior advisor.
Forward-Looking Statements This press release contains
statements that constitute “forward-looking statements,” including
with respect to the anticipated use of the net proceeds of the
initial public offering. No assurance can be given that the net
proceeds of the offering will be used as indicated. 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
final prospectus for the Company’s offering filed with the U.S.
Securities and Exchange Commission (“SEC”). Copies of these
documents 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220407006045/en/
Investor Contact: Gabriel Schillinger President, PowerUp
Acquisition Corp. (347) 313-8109 Email: gs@powerupacq.com
PR Contact: Tom Ohle Evolve PR Inc. (778) 677-6342 Email:
tom@evolve-pr.com
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