Schultze Special Purpose Acquisition Corp. II Announces the Separate Trading of Its Class A Common Stock and Warrants Commencing on or About November 29, 2021
November 24 2021 - 3:15PM
Schultze Special Purpose Acquisition Corp. II (NASDAQ: SAMAU)
(the “Company”), a special purpose acquisition company, today
announced that holders of the units sold in the Company’s initial
public offering may elect to separately trade the shares of Class A
common stock and warrants included in the units commencing on or
about November 29, 2021.
The shares of Class A common stock and warrants that are
separated are expected to trade on the Nasdaq Global Market
(“Nasdaq”) under the symbols “SAMA” and “SAMAW,” respectively. Any
units not separated will continue to trade on Nasdaq under the
symbol “SAMAU.” 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
warrants.
The units were initially offered by the Company in an
underwritten offering. Stifel, Nicolaus & Company, Incorporated
and Mizuho Securities USA LLC acted as joint book-running managers
for the offering.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on October 7, 2021. The offering was made only by means
of a prospectus, which forms a part of the registration statement.
Copies of the prospectus may be obtained for free by visiting EDGAR
on the SEC’s website at www.sec.gov. Alternatively, copies may be
obtained from Stifel, Nicolaus & Company, Incorporated,
Attention: Syndicate Department, One South Street, 15th Floor,
Baltimore, Maryland 21202, email: syndprospectus@stifel.com, or by
telephone: (855) 300-7136.
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 Schultze Special Purpose Acquisition Corp.
II
Schultze Special Purpose Acquisition Corp. II is a blank check
company formed for the purpose of entering into a merger, capital
stock exchange, asset acquisition, stock purchase,
recapitalization, reorganization or other similar business
combination with one or more businesses or entities. Although the
Company’s search for a target business is not limited to a
particular industry or geographic region, it intends to initially
focus on pursuing business combinations with target companies that
may be experiencing liquidity constraints, are financially stressed
or have experienced and emerged from a financial restructuring. The
Company’s sponsor is an affiliate of Schultze Asset Management, LP,
an alternative investment management firm founded in 1998 that
primarily focuses on distressed, special situation and event-driven
securities.
Cautionary Statement Concerning Forward-Looking
Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the search
for an initial business combination. No assurance can be given that
the net proceeds of the initial public 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 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.
Contacts
Schultze Special Purpose Acquisition Corp. II, (914)
701-5260
George J. Schultze, schultze@samco.net
Gary M. Julien, gjulien@samco.net
Angela Lui, Managing Director, Business Development, Schultze
Asset Management, alui@samco.net
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