SAN FRANCISCO, Dec. 15, 2021 /PRNewswire/ -- ExcelFin
Acquisition Corp. (Nasdaq: XFIN) (the "Company") announced today
that commencing December 13, 2021,
holders of the units sold in the Company's initial public offering
of 23,000,000 units may elect to separately trade the Class A
common stock and warrants included in the units. The Class A common
stock and warrants that are separated will trade on the Nasdaq
Global Market (the "Nasdaq") and trade under the ticker symbols
"XFIN" and " XFINW," respectively. No fractional warrants will be
issued upon separation of the units and only whole warrants will
trade. Those units not separated will continue to trade on the
Nasdaq under the symbol "XFINU." Each unit consists of one share of
Class A common stock and one-half of one redeemable warrant. Each
whole warrant entitles the holder thereof to purchase one share of
Class A common stock at a price of $11.50 per share. Only whole warrants are
exercisable. Holders of the Units will need to have their brokers
contact American Stock Transfer and Trust Company, the Company's
transfer agent, in order to separate the Units into Class A common
stock and warrants.
The units were initially offered by the Company in an
underwritten offering. UBS Investment Bank acted as the sole
book-running manager in the offering. Exos Securities LLC and
KeyBanc Capital Markets acted as co-managers in the offering. A
registration statement relating to the units and the underlying
securities was declared effective by the U.S. Securities and
Exchange Commission (the "SEC") on October
20, 2021.
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 ExcelFin Acquisition Corp.
ExcelFin Acquisition Corp. is a newly incorporated blank check
company formed as a Delaware
corporation for the purpose of effecting a merger, share exchange,
asset acquisition, share purchase, reorganization or similar
business combination with one or more businesses.
Forward Looking Statements
This press release includes forward looking statements that
involve risks and uncertainties. Forward looking statements are
subject to numerous conditions, risks and changes in circumstances,
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 offering filed with
the SEC. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
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SOURCE ExcelFin Acquisition Corp.
