HOUSTON, Jan. 13, 2021 /PRNewswire/ -- Genesis Park
Acquisition Corp. (the "Company") announced today that, commencing
January 14, 2021, holders of the
16,377,622 units sold in the Company's initial public offering may
elect to separately trade the Company's Class A ordinary shares and
warrants included in the units. Class A ordinary shares and
warrants that are separated will trade on The New York Stock
Exchange under the symbols "GNPK" and "GNPK WS," 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 The New York Stock Exchange under the symbol
"GNPK.U." 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 Company is a new special purpose acquisition company formed
for the purpose of effecting a business combination with one or
more businesses. While the Company may pursue an initial
business combination target in any industry, it intends to focus on
opportunities that align with the significant aerospace and
aviation services experience of its management team, board of
directors and advisory committee. The Company is sponsored by
Genesis Park Holdings, an affiliate of Genesis Park, a Houston-based private equity firm, and is led
by David Siegel as Chairman,
Paul Hobby as Chief Executive
Officer, and Jonathan Baliff as
President and Chief Financial Officer.
The units were initially offered by the Company in an
underwritten offering. Jefferies LLC acted as the sole
book-running manager for the offering.
Cautionary Statements and Disclaimer
The Registration Statement relating to these securities was
declared effective by the Securities and Exchange Commission
("SEC") on November 23, 2020.
This press release will not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor will there be
any sale of these securities in any state or jurisdiction in which
such offer, solicitation or sale would be unlawful 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 search for an initial business combination.
No assurance can be given 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 Genesis Park Acquisition Corp.