LOS ANGELES, March 26, 2021 /PRNewswire/ -- Sustainable
Development Acquisition I Corp. (the "Company"), a public benefit
corporation and Pending B Corporation, announced today that,
commencing March 29, 2021, holders of
the units sold in the Company's initial public offering may elect
to separately trade shares of the Company's Class A common stock,
$0.0001 par value per share ("Class A
common stock") and warrants included in the units. No fractional
warrants will be issued upon separation of the units and only whole
warrants will trade. The shares of Class A common stock and
warrants that are separated will trade on the Nasdaq Capital Market
under the symbols "SDAC" and "SDACW," respectively. Those units not
separated will continue to trade on the Nasdaq Capital Market under
the symbol "SDACU." 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
shares of Class A common stock and warrants.
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.
Forward-Looking Statements
This press release may include, and oral statements made from
time to time by representatives of the Company 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," "continue," "could,"
"estimate," "expect," "intend," "may," "might," "plan," "possible,"
"potential," "predict," "project," "should," "would" and similar
expressions, as they relate to the Company or its 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
Securities and Exchange Commission ("SEC"). All subsequent written
or oral forward-looking statements attributable to the Company or
persons acting on its 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 for the Company's initial public
offering filed with the SEC. The Company undertakes no obligation
to update these statements for revisions or changes after the date
of this release, except as required by law.
About the Company
Sustainable Development Acquisition Corp ("SDAC"), (NASDAQ:
SDAC), a public benefit corporation and Pending B Corporation, is a
special-purpose acquisition company created to acquire a successful
business that is addressing the global challenges identified by the
United Nations Sustainable Development Goals. SDAC was formed as a
partnership between RRG Global Partners Fund, a private fund
affiliated with Renewable Resources Group, a certified B Corp, and
Sustainable Investors Fund, a private fund affiliated with
Capricorn Investment Group, a certified B Corp.
Contacts
Media Contact:
Arón Villarreal
Info@WaterFoodEnergySpac.com
(323) 329 8221
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SOURCE Sustainable Development Acquisition I Corp.