Equity Distribution Acquisition Corp. Announces the Separate Trading of its Shares of Class A Common Stock & Warrants Commenc...
November 05 2020 - 4:15PM
Business Wire
Equity Distribution Acquisition Corp. (NYSE: EQD.U) (the
“Company”) announced that, commencing November 6, 2020, holders of
the units sold in the Company’s initial public offering of
41,400,000 units, completed on September 18, 2020, may elect to
separately trade the shares of Class A common stock and warrants
included in the units. Those units that are not separated at the
election of the holder will continue to trade on the New York Stock
Exchange (“NYSE”) under the symbol “EQD.U,” and the shares of Class
A common stock and warrants that are separated will trade on the
NYSE under the symbols “EQD” and “EQD WS,” respectively. Holders of
the 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 shares of Class A common stock and
warrants.
The units were initially offered by the Company in an
underwritten offering. Credit Suisse Securities (USA) LLC acted as
the book running manager for the offering. A registration statement
relating to the units and the underlying securities was declared
effective by the Securities and Exchange Commission (the “SEC”) on
September 15, 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.
About Equity Distribution Acquisition Corp.
The Company is a newly organized blank check company
incorporated in Delaware for the purpose of effecting a merger,
capital stock exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses. The Company has not yet selected any specific business
combination target.
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 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/20201105006199/en/
For more information, please visit equitydac.com or
contact: Philip Tinkler Chief Financial Officer
ptinkler@egii.com (312) 454-0100
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