Mana Capital Acquisition Corp. Announces the Separate Trading of its Common Stock, Warrants and Rights, Commencing January 14, 2022
January 12 2022 - 4:05PM
Business Wire
Mana Capital Acquisition Corp. (Nasdaq: MAAQU) (“Mana” or
the “Company”), today announced that, commencing January 14, 2022,
holders of the 6,500,000 units sold in the Company’s initial public
offering may elect to separately trade the Company’s common stock,
warrants, and rights included in the units. Each unit consists of
one share of common stock, one-half of one redeemable warrant, and
one right to receive one-seventh (1/7) of one share at the closing
of a business combination.
The shares of common stock, warrants and rights that are
separated will trade on The Nasdaq Global Market (“Nasdaq”) under
the symbols “MAAQ”, “MAAQW” and “MAAQR,” respectively. Those units
not separated will continue to trade on Nasdaq under the symbol
“MAAQU.” 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
common stock, warrants and rights.
Mana is a newly incorporated blank check company formed for the
purpose of engaging in a merger, stock exchange, asset acquisition,
stock purchase, recapitalization, reorganization or other similar
business combination with one or more businesses or entities. Its
efforts to identify a prospective target business will not be
limited to a particular industry or geographic region, although it
intends to focus its search on target businesses operating in North
America, Europe and Asia in the healthcare, technology, green
economy, and consumer products sectors.
The units were initially offered by the Company in an
underwritten offering. Ladenburg, Thalmann & Co., Inc. acted as
the sole book-running manager for the offering and I-Bankers
Securities, Inc. acted as co-manager. 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 November 22, 2021.
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.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
Company’s search for an initial business combination. No assurance
can be given as to the consummation of any business combination or
the terms thereof. 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220112005955/en/
Mana Capital Acquisition Corp. Jonathan Intrater, CEO (413)
519-3764
Mana Capital Acquisition (NASDAQ:MAAQU)
Historical Stock Chart
From Jan 2025 to Feb 2025
Mana Capital Acquisition (NASDAQ:MAAQU)
Historical Stock Chart
From Feb 2024 to Feb 2025