Tech and Energy Transition Corporation Announces Class A Common Stock and Warrants to Commence Trading Separately
May 06 2021 - 4:15PM
Business Wire
Tech and Energy Transition Corporation (NASDAQ: TETCU) (the
“Company”) announced today that holders of the units sold in the
Company’s initial public offering of 38,500,000 units completed on
March 19, 2021, may elect to separately trade the shares of Class A
common stock and redeemable warrants included in the units. Those
units not separated will continue to trade on The Nasdaq Capital
Market (“Nasdaq”) under the symbol “TETCU,” and the shares of Class
A common stock and redeemable warrants that are separated will
trade on Nasdaq under the symbols “TETC” and “TETCWS,”
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 shares of Class A common stock and
redeemable warrants.
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. The Company intends to capitalize on sector
transformative events by focusing on companies that use or
facilitate disruptive, differentiated technology to build, enable,
service or manage businesses or infrastructure undergoing
transformation.
The units were initially offered by the Company in an
underwritten offering. Citigroup Global Markets Inc. (“Citigroup”)
and BofA Securities (“BofA Securities”) are acting as joint
book-running managers in the offering.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus may be obtained from Citigroup,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, by telephone at 800-831-9146; or BofA
Securities, Attention: Prospectus Department, NC1-004-03-43, 200
North College Street, 3rd floor, Charlotte, NC 28255-0001, or by
emailing dg.prospectus_requests@bofa.com.
A registration statement relating to the securities has been
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on March 16, 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 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 initial
public offering and the anticipated use of the net proceeds. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or 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 and
preliminary prospectus for the Company’s offering filed with the
SEC. Copies of these documents 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/20210506006225/en/
Investor Contact: John Spirtos Chief Executive Officer
and President Email: John.Spirtos@macquarie.com
Larry Handen Chair of Investment Committee Email:
Larry.Handen@macquarie.com
Stephan Feilhauer Chief Financial Officer Email:
Stephan.Feilhauer@macquarie.com
Greg Callman Energy Chief Investment Officer Email:
Greg.Callman@macquarie.com
Tech and Energy Transition Corporation 125 W 55th St New York,
NY 10006 Telephone: (212) 231-1000
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