TB SA Acquisition Corp Announces the Separate Trading of its Class A Ordinary Shares & Warrants, Commencing on or about May 1...
May 11 2021 - 8:06AM
Business Wire
TB SA Acquisition Corp (NASDAQ: TBSAU) (the “Company”) announced
today that, commencing on or about May 13, 2021, holders of the
units sold in the Company’s initial public offering of 20,000,000
units, which closed on March 25, 2021, may elect to separately
trade the Class A ordinary shares and warrants included in the
units. Any units not separated will continue to trade on The NASDAQ
Stock Market LLC (“NASDAQ”) under the symbol “TBSAU,” and each of
the underlying Class A ordinary shares and warrants that are
separated will trade on NASDAQ under the symbols “TBSA” and
“TBSAW,” respectively. 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 Class A ordinary shares and
warrants.
The units were initially offered by the Company in an
underwritten offering. Deutsche Bank Securities Inc. acted as
book-running manager for the offering. 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 March 22, 2021.
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. The offering was
made only by means of a prospectus. Copies of the prospectus may be
obtained for free on the SEC’s website at www.sec.gov; or from
Deutsche Bank Securities, Inc., Attention: Prospectus Department,
60 Wall Street, New York, New York 10005, by telephone at +1 (800)
503-4611 or by e-mail at prospectus.cpdg@db.com.
About TB SA Acquisition Corp
TB SA Acquisition Corp is a blank check company formed as a
Cayman Islands exempted company and established for the purpose of
effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses or entities. The Company intends to complete an
initial business combination with African companies that promote
Environmental, Social and Governance principles. The Company is
sponsored by TCP SA, LLC, an affiliate of TowerBrook Capital
Partners L.P.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated use of the net proceeds and potential initial business
combination targets. No assurance can be given that the net
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 Company’s offering filed with the SEC and the prospectus
included therein. 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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version on businesswire.com: https://www.businesswire.com/news/home/20210511005695/en/
Media Brunswick Group Alex Yankus Tel: +1 (917) 818-5204 E-mail:
ayankus@brunswickgroup.com
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