NEW YORK, March
24, 2022 /PRNewswire/ -- Signal Hill Acquisition
Corp. (NASDAQ: SGHLU) (the "Company") announced today that,
commencing on or about March 25,
2022, holders of its units sold in the Company's initial
public offering may elect to separately trade shares of the
Company's common stock and warrants included in the units. The
shares of common stock and warrants that are separated will trade
on the Nasdaq Global Market ("Nasdaq") under the symbols "SGHL" and
"SGHLW," 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 Nasdaq under the
symbol "SGHLU." 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 and warrants.
Signal Hill Acquisition Corp. Announces Separate Trading of its
Common Stock and Warrants
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 Signal Hill Acquisition Corp.
The Company is a
blank check company formed for the purpose of effecting a merger,
capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. While the Company may pursue an initial business
combination target in any business or industry, it intends to focus
its search on direct-to-consumer media, technology, and emerging
digital enterprise-focused businesses that would benefit from
access to public markets and the operational and strategic
expertise of our management team and board of directors. The
Company is led by Chief Executive Officer, Jonathan Bond, Chief Financial Officer,
Grainne Coen, and Chairman
Paul Roberts.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains statements that
constitute "forward-looking statements," including with respect to
the initial public offering and search for an initial business
combination. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the proceeds of the offering will be used as indicated.
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 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.
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SOURCE Signal Hill Acquisition Corp.
