Peridot Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing November 16, ...
16 November 2020 - 12:00PM
Peridot Acquisition Corp. (NYSE: PDAC.U) (the “Company”) announced
that, commencing November 16, 2020, holders of the units sold in
the Company’s initial public offering of 30,000,000 units,
completed on September 28, 2020, 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 “PDAC.U,” and the separated
Class A ordinary shares and warrants are expected to trade on the
NYSE under the symbols “PDAC” and “PDAC 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. UBS Securities LLC and Barclays
Capital Inc. acted as joint book-running managers and Tudor,
Pickering, Holt & Co. Securities acted as co-manager 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 September 23, 2020.
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 Peridot
Acquisition Corp.
Peridot Acquisition Corp. is a blank check
company formed for the purpose of entering into a merger, share
exchange, asset acquisition, share purchase, reorganization or
similar business combination with one or more businesses. The
Company is targeting companies that focus on environmentally sound
infrastructure, industrial applications and disruptive technologies
that eliminate or mitigate greenhouse gas (GHG) emissions and/or
enhance resilience to climate change. The Company’s sponsor is an
affiliate of Carnelian Energy Capital Management, L.P., an
investment firm that focuses on opportunities in the North American
energy space in partnership with best-in-class management
teams.
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 identify forward-looking statements. 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.
For more information,
please contact:
Peridot Acquisition
Corp.www.peridotspac.comJeffrey Gilbert(713) 322-7321
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