NEW YORK, Feb. 24, 2020 /PRNewswire/ -- InterPrivate
Acquisition Corp. (NYSE: IPV.U) (the "Company") announced today
that separate trading of its shares of common stock and warrants
underlying the Company's units sold in its $241.5 million initial public offering would
commence on or about February 27,
2020. The common stock and warrants will be traded on the
New York Stock Exchange ("NYSE") under the symbols "IPV" and "IPV
WS", respectively. No fractional warrants will be issued upon
separation of the units and only whole warrants will trade. Units
not separated will continue to be listed on NYSE under the symbol
"IPV.U."
InterPrivate Acquisition Corp. is a blank check company
organized for the purpose of effecting a merger, share exchange,
asset acquisition, stock purchase, recapitalization,
reorganization, or other similar business combination with one or
more businesses or entities. The Company is controlled by
affiliates of Ahmed M. Fattouh,
Chairman and Chief Executive Officer, and InterPrivate LLC, a
private investment firm founded by Mr. Fattouh that invests on
behalf of a consortium of family offices in partnership with
independent sponsors who have accumulated substantial industry
expertise and decades of experience from leading private equity
firms. The Company intends to focus its efforts on evaluating
business combination targets by leveraging InterPrivate's network
of independent sponsors, family offices and private equity and
venture capital firms. The Company is an emerging growth company as
defined in the Jumpstart Our Business Startups Act of 2012.
This press release shall not constitute an offer to sell or a
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.
Forward Looking Statements
This press release includes forward-looking statements that
involve risks and uncertainties. Forward looking statements are
statements that are not historical facts. Such forward-looking
statements are subject to risks and uncertainties which could cause
actual results to differ from the forward looking statements,
including those set forth in the risk factors section of the
prospectus used in connection with the Company's initial public
offering. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based, except as required by law.
Contact:
Media Contact:
Charlotte Luer
cluer@interprivate.com
+1-239-404-6785
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SOURCE InterPrivate Acquisition Corp.