Iconic Sports Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing December 13, 2021
13 Dezember 2021 - 1:00PM
Business Wire
Iconic Sports Acquisition Corp. (NYSE: ICNC.U) (the “Company”)
announced that, commencing December 13, 2021, holders of the units
sold in the Company’s initial public offering of 34,500,000 units,
completed on October 26, 2021, may elect to separately trade the
Class A ordinary shares and warrants included in the units. Any
units not separated will continue to trade on The New York Stock
Exchange (the “NYSE”) under the symbol “ICNC.U,” and the separated
Class A ordinary shares and warrants are expected to trade on the
NYSE under the symbols “ICNC” and “ICNC WS,” respectively. No
fractional warrants will be issued upon separation of the units and
only whole warrants will trade. Unitholders 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 units were initially offered by the Company in an
underwritten offering. Credit Suisse Securities (USA) LLC and
Morgan Stanley & Co. LLC acted as the joint book-running
managers of 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 October 21,
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.
Cautionary Note Concerning 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, including risks
relating to the rapidly changing situation related to the COVID-19
pandemic and other risks. 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. 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/20211212005136/en/
Jonathan Gasthalter/Nathaniel Garnick Gasthalter &
Co. +1 212 257 4170
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