Crown PropTech Acquisitions Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing March 30, 2...
March 25 2021 - 5:00PM
Business Wire
Crown PropTech Acquisitions (the “Company”) announced today
that, commencing March 30, 2021, holders of the units sold in the
Company’s initial public offering of 27,600,000 units, completed on
February 11, 2021, may elect to separately trade the shares of
Class A ordinary shares and warrants included in the units. Those
units not separated will continue to trade on the New York Stock
Exchange (the “NYSE”) under the symbol “CPTK.U,” and the shares of
Class A ordinary shares and warrants that are separated will trade
on the NYSE under the symbols “CPTK” and “CPTK WS,” 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 public offering was made only by means of a prospectus,
copies of which may be obtained from RBC Capital Markets, LLC,
Attention: Equity Syndicate, 200 Vesey Street, 8th Floor, New York,
New York 10281, or by telephone at (877) 822-4089 or by email at
equityprospectus@rbccm.com.
RBC Capital Markets, LLC acted as the sole book-running manager
of the offering.
A registration statement relating to the securities has been
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on February 8, 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.
About Crown PropTech Acquisitions
The Company was formed for the
purpose of effecting a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with
one or more businesses. The Company intends to concentrate on
businesses that provide technological innovation to the broader
real estate ecosystem. This includes a focus on businesses that
provide technological solutions that make the built environment
more accessible, connected, dynamic, efficient, experiential and
sustainable.
Cautionary Note Concerning 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 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 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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version on businesswire.com: https://www.businesswire.com/news/home/20210325005943/en/
Investor Contact Angela DiMari info@crownproptech.com
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