Summit Healthcare Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing July 30, 2021
27 Juli 2021 - 2:00PM
Business Wire
Summit Healthcare Acquisition Corp. (the “Company”) announced
today that, commencing July 30, 2021, holders of the units sold in
the Company’s initial public offering of 20,000,000 units,
completed on June 11, 2021, may elect to separately trade the
shares of Class A ordinary shares and warrants included in the
units. Those units not separated will continue to trade on the
Nasdaq Capital Market (the “Nasdaq”) under the symbol “SMIHU,” and
the shares of Class A ordinary shares and warrants that are
separated will trade on the Nasdaq under the symbols “SMIH” and
“SMIHW,” 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
warrants.
The offering was made only by means of a prospectus, copies of
which may be obtained from BofA Securities, Inc., NC1-004-03-43,
200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn:
Prospectus Department or by emailing
dg.prospectus_requests@bofa.com.
BofA Securities, Inc. acted as sole book-running manager of the
offering. A registration statement relating to the securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on June 8, 2021. 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.
About Summit Healthcare Acquisition Corp.
Summit Healthcare Acquisition Corp. was formed for the purpose
of effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses. Although the Company’s efforts to identify a
prospective target business will not be limited to a particular
geographic region or industry, it intends to focus on potential
acquisition targets in the healthcare industry with a strong China
nexus.
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. No assurance
can be given that the Company will ultimately complete a business
combination transaction. 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 for the 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20210727005655/en/
Investor Contact
Bo Tan Chief Executive Officer, Co-Chief Investment Officer and
Director 1 Lyndhurst Tower, Unit 1101, 11th Floor Central, Hong
Kong 852-9162-5199 bo.tan@summithealthcarespac.com
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