Tortoise Acquisition Corp. II Announces the Separate Trading of its Class A Ordinary Shares & Redeemable Warrants, Commencing...
October 30 2020 - 3:10PM
Business Wire
Tortoise Acquisition Corp. II (the “Company”) announced today
that commencing November 2, 2020, holders of the units sold in the
Company’s initial public offering may elect to separately trade the
Class A ordinary shares and redeemable warrants included in the
units. Each unit consists of one Class A ordinary share, par value
$0.0001 per share, and one-fourth of one redeemable warrant. No
fractional warrants will be issued upon separation of the units and
only whole warrants will trade. The Class A ordinary shares and
redeemable warrants that are separated will trade on the New York
Stock Exchange (the “NYSE”) under the symbols “SNPR” and “SNPR WS,”
respectively. Those units not separated will continue to trade on
the NYSE under the symbol “SNPR.U.” Holders of the units will need
to have their brokers contact Continental Stock Transfer &
Trust Company, the Company’s transfer agent, in order to separate
the holders’ units into Class A ordinary shares and redeemable
warrants.
The units were initially offered by the Company in an
underwritten offering. Barclays and Goldman Sachs & Co. LLC
acted as joint book-running managers for the offering. AmeriVet
Securities, Inc. acted as co-manager for the offering.
Registration statements relating to the units and the underlying
securities became effective on September 10, 2020.
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 for free
by visiting the U.S. Securities and Exchange Commission (the “SEC”)
website at http://www.sec.gov. Alternatively, a copy of the final
prospectus relating to the offering may be obtained from Barclays,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, email: barclaysprospectus@broadridge.com,
tel: (888) 603-5847; and Goldman Sachs & Co. LLC, Attn:
Prospectus Department, 200 West Street, New York, New York 10282,
email: prospectus-ny@ny.email.gs.com, tel: (866) 471-2526.
ABOUT TORTOISE ACQUISITION CORP. II
Tortoise Acquisition Corp. II was formed for the purpose of
effecting a merger, amalgamation, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination. The Company intends to focus its search for a target
business in the broad energy transition or sustainability arena
targeting industries that require innovative solutions to
decarbonize in order to meet critical emission reduction
objectives.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements.” 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 statements and
prospectus for the Company’s 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.
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Tortoise Acquisition Corp. II Stephen Pang
spang@tortoiseadvisors.com
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