LOS ANGELES, March 5, 2018 /PRNewswire/ -- Platinum Eagle
Acquisition Corp. (Nasdaq: EAGLU) (the "Company") announced that
holders of the units sold in the Company's initial public offering
of 32,500,000 units completed on January 17,
2018 (the "offering") may elect to separately trade the
Class A ordinary shares and warrants included in the units
commencing on March 5, 2018. Any
units not separated will continue to trade on The Nasdaq Capital
Market under the symbol "EAGLU," and each of the Class A ordinary
shares and warrants will separately trade on The Nasdaq Capital
Market under the symbols "EAGL" and "EAGLW," respectively. No
fractional warrants will be issued upon separation of the units and
only whole warrants will trade.
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. The offering was made only by means of a prospectus,
copies of which may be obtained for free by visiting the U.S.
Securities and Exchange Commission website at http://www.sec.gov.
Alternatively, copies of the prospectus related to the offering may
be obtained from Deutsche Bank Securities Inc., Attn: Prospectus
Group, 60 Wall Street, New York,
NY 10005, tel: 800-503-4611, email: prospectus.CPDG@db.com;
or from BofA Merrill Lynch, Attn: Prospectus Department,
NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001; email:
dg.prospectus_requests@baml.com.
About Platinum Eagle Acquisition Corp.
The Company was formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses. While
the Company may pursue an initial business combination opportunity
in any industry or sector, it intends to capitalize on the ability
of its management team to identify, acquire and operate a business
or businesses that can benefit from its management team's
established global relationships and operating experience. The
Company's management team has extensive experience in identifying
and executing strategic investments globally and has done so
successfully in a number of sectors, including media and
entertainment. The Company's sponsor is Platinum Eagle Acquisition
LLC, of which media executive Jeff
Sagansky is a member. Joining him in the management of the
Company is President, Chief Financial Officer and Secretary,
Eli Baker, who served as the Vice
President, General Counsel and Secretary of one of Mr. Sagansky's
prior public acquisition vehicles and as a director of another of
Mr. Sagansky's prior public acquisition vehicles. Harry E. Sloan, who co-led two prior public
acquisition vehicles with Mr. Sagansky, is a founding investor in
the Company alongside the sponsor.
Information Concerning 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 that address activities, events or
developments that the Company expects or anticipates will or may
occur in the future are forward-looking statements. These
statements are based on certain assumptions and analyses made by
the Company in light of its experience and its perception of
historical trends, current conditions and expected future
developments as well as other factors it believes are appropriate
in the circumstances. However, whether actual results and
developments will conform with the Company's expectations and
predictions is subject to a number of risks and uncertainties,
including, but not limited to, the following: changes in general
economic, market or business conditions; the opportunities (or lack
thereof) that may be presented to and pursued by the Company;
changes in laws or regulations; and other factors, many of which
are beyond the control of the Company. Information concerning these
and other factors can be found in the Company's filings with the
Securities and Exchange Commission. Consequently, all of the
forward-looking statements made in this press release are qualified
by these cautionary statements, and there can be no assurances that
the actual results or developments anticipated by the Company will
be realized, or even if realized, that they will have the expected
consequences to or effects on the Company, its business or
operations. The Company has no intention, and disclaims any
obligation, to update or revise any forward-looking statements,
whether as a result of new information, future results or
otherwise.
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SOURCE Platinum Eagle Acquisition Corp.