ION Acquisition Corp 1 Ltd. Announces Separate Trading of its Ordinary Shares and Warrants, Commencing October 27, 2020
October 22 2020 - 8:00AM
Business Wire
ION Acquisition Corp 1 Ltd. (NYSE: IACA.U) (the “Company”) today
announced that holders of the Company’s units sold in its initial
public offering may elect to separately trade the Class A ordinary
shares and warrants included in its units commencing on or about
October 27, 2020.
The Class A ordinary shares and warrants that are separated will
trade on the New York Stock Exchange (the “NYSE”) under the symbols
“IACA” and “IACA WS,” respectively. Those units not separated will
continue to trade on the NYSE under the symbol “IACA.U.” 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.
Registration statements relating to these securities became
effective on October 1, 2020. 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.
The offering was made only by means of a prospectus. Copies of
the prospectus relating to this offering may be obtained from Cowen
and Company, LLC, c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY, 11717, Attn: Prospectus Department,
email: postSaleManualRequests@broadridge.com, telephone:
833-297-2927.
About the Company
The Company is a blank check company incorporated for the
purpose of effecting a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with
one or more businesses. While the Company may pursue a business
combination target in any business or industry, the Company intends
to focus on the rapidly growing universe of Israeli companies and
entrepreneurs that apply technology and innovation to our everyday
lives. The Company is sponsored by ION Holdings 1, LP, an affiliate
of ION Asset Management Ltd.
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.
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 U.S.
Securities and Exchange Commission (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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201022005437/en/
ION Acquisition Corp 1 Ltd. Avrom Gilbert avrom@ion-am.com
ION Acquisition Corp 1 (NYSE:IACA.U)
Historical Stock Chart
From Jul 2024 to Aug 2024
ION Acquisition Corp 1 (NYSE:IACA.U)
Historical Stock Chart
From Aug 2023 to Aug 2024