NEW YORK, April 14, 2021 /PRNewswire/ -- Velocity
Acquisition Corp. (the "Company") announced today that holders of
the units sold in the Company's initial public offering of
23,000,000 units completed on February 25,
2021 (the "offering") may elect to separately trade the
shares of Class A common stock and warrants included in the units
commencing on April 15, 2021. Any
units not separated will continue to trade on The Nasdaq Stock
Market LLC ("Nasdaq") under the symbol "VELOU", and each of the
shares of Class A common stock and warrants will separately trade
on Nasdaq under the symbols "VELO" and "VELOW," 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 shares of Class A common stock and warrants.
About Velocity Acquisition Corp.
Velocity Acquisition Corp., led by CEO Adrian Covey, is a special purpose acquisition
company formed by &vest with the purpose of entering into a
business combination with one or more businesses. While the Company
may pursue an initial business combination with a company in any
sector or geography, it intends to focus its search on "digital
transformation" businesses — i.e., companies enabling corporations
to accelerate the full digitization of their businesses — including
digital services, digital platforms, and related sectors in North
America. Velocity is the second special purpose acquisition
company launched by &vest, an investment platform founded and
led by CEO Doug Jacob.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the "SEC") on February 22, 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.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained by contacting Citigroup, Attention:
Prospectus Department, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY
11717, or by telephone at (800) 831-9146; or Canaccord Genuity,
Attention: Syndicate Department, 99 High Street, Suite 1200,
Boston, MA 02110, or by email at
prospectus@cgf.com.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the proceeds of the offering will be
used as indicated. 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 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.
Website:
https://velocityacq.co/
Velocity Acquisition Corp./&vest
Contact:
Chris
Cunningham
ccunningham@hstrategies.com
View original
content:http://www.prnewswire.com/news-releases/velocity-acquisition-corp-announces-the-separate-trading-of-its-class-a-common-stock-and-warrants-commencing-on-april-15-2021-301269254.html
SOURCE Velocity Acquisition Corp.