Twelve Seas Investment Company II Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing April 1...
14 April 2021 - 10:10PM
Twelve Seas Investment Company II (NASDAQ: TWLVU) (the “Company”)
announced that, commencing April 19, 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
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 “TWLV” and “TWLVW,” respectively. Those units not separated
will continue to trade on the Nasdaq Capital Market under the
symbol “TWLVU.” 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.
About Twelve Seas Investment Company
II
The Company is a blank check company formed for
the purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. While the Company may
pursue an initial business combination target in any business,
industry or geographic location, it is focusing its search on
global companies located outside the United States, with equity
values between $500 million and $2 billion. While the Company does
not focus on any particular sector, it considers business services,
consumer, financials, healthcare, telecom and media, technology and
clean energy.
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.
Contacts Dimitri Elkin Twelve Seas
Investment Company II delkin @twelveseascapital .com
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