Seaport Global Acquisition II Corp. Announces the Separate Trading of Its Class A Common Stock and Warrants, Commencing on December 1, 2021
November 30 2021 - 5:00PM
Seaport Global Acquisition II Corp. (Nasdaq: SGIIU) (the “Company”)
announced today that, commencing on December 1, 2021, holders of
the units (the “Units”) sold in the Company’s initial public
offering may elect to separately trade the Company’s Class A common
stock (the “Common Stock”) and warrants (the “Warrants”) included
in the Units.
The Common Stock and Warrants received from the
separated Units will trade on the Nasdaq Global Market (“Nasdaq”)
under the symbols “SGII” and “SGIIW”, respectively. Units that are
not separated will continue to trade on Nasdaq under the symbol
“SGIIU”. No fractional Warrants will be issued upon separation of
the Units and only whole Warrants will trade. 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 Common Stock and Warrants.
The Company is a newly organized 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. Although the Company’s
efforts to identify a prospective business combination opportunity
will not be limited to a particular industry, it intends to focus
on companies undergoing transformational, transitional, or
reorganizational business strategies.
The Units were initially offered by the Company in an
underwritten offering. B. Riley Securities, Inc. (“B. Riley”) acted
as the sole book-running manager of the offering. A registration
statement relating to these securities was declared effective by
the U.S. Securities and Exchange Commission (the “SEC”) on November
17, 2021.
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.
The offering was made only by means of a prospectus. Copies of
the prospectus relating to the offering may be obtained from B.
Riley at 1300 North 17th Street, Suite 1300, Arlington, VA 22209,
or by calling (703) 312-9580 or emailing
prospectuses@brileyfin.com.
Forward Looking Statements
This press release contains statements that constitute
“forward-looking statements.” No assurance can be given that the
Company will ultimately complete a business combination
transaction. 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 preliminary prospectus for the
Company’s offering filed with the SEC. Copies of these documents
are available on the SEC’s website, at 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.
Contact:
Stephen C. SmithChairman and Chief Executive OfficerSeaport
Global Acquisition II Corp.360 Madison Avenue, 20th FloorNew York,
NY 10017Telephone: 212-616-7700
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