BUSINESS: Schultze Special Purpose Acquisition Corp. I Announces Separate Trading Of Its Class A Common Stocks And Warrants Commencing On Or About November 29, 2021

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RYE BROOK, NEW YORK, Nov. 24, 2021 (GLOBE NEWSWIRE) — Schultze Special Purpose Acquisition Corp. II (NASDAQ: SAMAU) (the “Company”), a special purpose acquisition company, today announced that holders of the units sold in the Company’s initial public offering may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about November 29, 2021. The shares of Class A common and warrants that have been separated will trade on the Nasdaq Global Market (“Nasdaq”) with the symbols “SAMAW” and “SAMAW.” All units that are not separated will continue trading on Nasdaq with the symbol “SAMAU” and no fractional warrants. Only whole warrants can trade. To separate units, holders of units must contact their brokers to request that they be transferred to Continental Stock Transfer & Trust Company. This is the transfer agent for the Company.

The units were originally offered by the Company as part of an underwritten offer. The joint book-running managers of the offering were Stifel, Nicolaus & Company, Incorporated, and Mizuho Securities USA LLC.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on October 7, 2021. A prospectus was required to make the offering. It forms part of the registration statement. Copies of the prospectus may be obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies may be obtained from Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, Maryland 21202, email: syndprospectus@stifel.com, or by telephone: (855) 300-7136. This press release does not constitute an offer or solicitation to buy securities.

About Schultze Special Purpose Acquisition Corp. II

Schultze Special Purpose Acquisition Corp. II is a blank check company formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. The Company is open to exploring business combinations with companies in any industry or geographical region. However, the Company does not intend to limit its search to specific industries or regions. The Company’s sponsor is an affiliate of Schultze Asset Management, LP, an alternative investment management firm founded in 1998 that primarily focuses on distressed, special situation and event-driven securities.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the search for an initial business combination. It is impossible to guarantee that the net proceeds from the initial public offering will go as planned. Forward-looking statements are subjected to many conditions. Many of these are beyond the Company’s control, including those listed in the “Risk Factors” section of the Company’s registration statement and prospectus filed with the SEC for the initial public offerings. You can find copies on the SEC website at http://www.sec.gov. These statements are not subject to revision or modification by the Company, except as required under law.

Contacts

Schultze Special Purpose Acquisition Corp. II, (914) 701-5260

George J. Schultze, schultze@samco.net

Gary M. Julien, gjulien@samco.net

Angela Lui, Managing Director, Business Development, Schultze Asset Management, alui@samco.net

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