Oaktree Acquisition Corp. Announces the Separate Trading of Its Class A Ordinary Shares & Warrants Commencing September 9, 2019
September 06 2019 - 8:15AM
Business Wire
Oaktree Acquisition Corp. (NYSE: OAC.U) (the “Company”)
announced that, commencing September 9, 2019, holders of the units
sold in the Company’s initial public offering of 20,125,000 units,
completed on July 22, 2019, may elect to separately trade the Class
A ordinary shares and warrants included in the units. Any units not
separated will continue to trade on the New York Stock Exchange
(the “NYSE”) under the symbol “OAC.U,” and the separated Class A
ordinary shares and warrants are expected to trade on the NYSE
under the symbols “OAC” and “OAC WS,” respectively. Unitholders
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 units were initially offered by the Company in an
underwritten offering. Credit Suisse (USA) LLC and Deutsche Bank
Securities Inc. acted as joint book-running managers of the
offering. A registration statement relating to the units and the
underlying securities was declared effective by the Securities and
Exchange Commission (the “SEC”) on July 17, 2019.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, 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. A copy of the
final prospectus relating to the offering may be obtained by
contacting Credit Suisse Securities (USA) LLC, Attn: Prospectus
Department, Eleven Madison Avenue, New York, New York 10010,
telephone 800-221-1037 or email: ecm.prospectus@credit-suisse.com;
or Deutsche Bank Securities Inc., Attn: Prospectus Department, 60
Wall Street, New York, New York 10005, telephone: 800-503-4611 or
email: prospectus.cpdg@db.com.
About Oaktree Acquisition Corp.
Oaktree Acquisition Corp.’s acquisition and value creation
strategy will be to identify, partner with and help grow a business
in the industrial or consumer sector. The Company’s sponsor is an
affiliate of Oaktree Capital Management, L.P. (“Oaktree”), a leader
among global investment managers specializing in alternative
investments, with $120 billion in assets under management as of
June 30, 2019. Oaktree emphasizes an opportunistic, value-oriented
and risk-controlled approach to investments in credit, private
equity, real assets and listed equities. The firm has over 950
employees and offices in 18 cities worldwide. Given Oaktree's
global reach and experience, the Company believes its team has the
required investment, operational, diligence and capital raising
expertise to effect a business combination with an attractive
target and to position it for long-term success in the public
markets.
Forward-Looking Statements
This press release may include “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements other than statements of historical fact
included in this press release are forward-looking statements. When
used in this press release, words such as “anticipate,” “believe,”
“estimate,” “expect,” “intend” and similar expressions, as they
relate to us or our management team, identify forward-looking
statements. Such forward-looking statements are based on the
beliefs of management, as well as assumptions made by, and
information currently available to, the Company’s management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company’s filings with the SEC. All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. 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 relating to the
Company’s initial public offering filed with the SEC. 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/20190906005083/en/
Investors: info@oaktreeacquisitioncorp.com
Media: John Christiansen/Alyssa Lorenzo Sard Verbinnen & Co.
415-618-8750
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