NEW YORK, Sept. 18, 2020 /PRNewswire/ -- CC Neuberger
Principal Holdings II (NYSE: PRPB.U) (the "Company") today
announced that, commencing September 21,
2020, holders of the units sold in the Company's initial
public offering of 82,800,000 units, completed on August 4, 2020, may elect to separately trade the
Class A ordinary shares and redeemable warrants included in the
units. Those units not separated will continue to trade on the New
York Stock Exchange (the "NYSE") under the symbol "PRPB.U," and the
Class A ordinary shares and redeemable warrants that are separated
will trade on the NYSE under the symbols "PRPB" and "PRPB 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
redeemable warrants.
The units were initially offered by the Company in an
underwritten offering. Credit Suisse, Citigroup and Morgan Stanley
acted as joint book-running managers for the offering and Macquarie
Capital, Loop Capital Markets and Natixis acted as co-managers for
the offering. Registration statements relating to the units and the
underlying securities were declared effective by the Securities and
Exchange Commission (the "SEC") on July 30,
2020.
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 from Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, 6933
Louis Stephens Drive, Morrisville, North
Carolina 27560, Telephone: 1-800-221-1037, Email:
usa.prospectus@credit-suisse.com; Citigroup Global Markets Inc.,
c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717,
Telephone: 1-800-831-9146; or Morgan Stanley & Co. LLC, Attn:
Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014.
About CC Neuberger Principal Holdings II
CC Neuberger Principal Holdings II, led by Chinh E. Chu, Matthew
Skurbe, Douglas Newton,
Jason K. Giordano, Charles Kantor and other senior professionals of
CC Capital and Neuberger Berman, is a blank check company formed
for the purpose of entering into a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses.
For more information, please contact:
Matthew Skurbe
Chief Financial Officer
skurbe@cc.capital
(212) 380-8756
Media contacts:
CC Capital
Jonathan Keehner / Tim Ragones / Kate
Thompson
Joele Frank, Wilkinson Brimmer
Katcher
(212) 355-4449
Neuberger Berman
Alex
Samuelson
Alexander.Samuelson@NB.com
(212) 476-5392
Forward-Looking Statements
This press release may include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. All statements other than statements of
historical fact included in this press release are forward-looking
statements. When used in this press release, words such as
"anticipate," "believe," "estimate," "expect," "intend" and similar
expressions, as they relate to us or our management team, identify
forward-looking statements. Such forward-looking statements are
based on the beliefs of management, as well as assumptions made by,
and information currently available to, the Company's management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company's filings with the SEC. All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. 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 prospectus relating to the
Company's initial public offering filed with the SEC. Copies of
such filings 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 original
content:http://www.prnewswire.com/news-releases/cc-neuberger-principal-holdings-ii-announces-the-separate-trading-of-its-class-a-ordinary-shares-and-redeemable-warrants-commencing-september-21-2020-301134092.html
SOURCE CC Neuberger Principal Holdings II