RYE, N.Y., March 5, 2021 /PRNewswire/ -- Authentic
Equity Acquisition Corp. (Nasdaq: AEACU) (the "Company")
announced that, commencing March 8,
2021, holders of the units sold in the Company's initial
public offering of 23,000,000 units, completed on January 20, 2021, may elect to separately trade
the Class A ordinary shares and warrants included in the units.
Those units that are not separated at the election of the holder
will continue to trade on the Nasdaq Capital Market ("Nasdaq")
under the symbol "AEACU," and the Class A ordinary shares and
warrants that are separated will trade on the Nasdaq under the
symbols "AEAC" and "AEACW," respectively. Holders of the 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 Class A ordinary shares and warrants.
The units were initially offered by the Company in an
underwritten offering. Jefferies LLC and BMO Capital Markets Corp.
acted as the book running managers for 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 January 14, 2021.
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 Authentic Equity Acquisition Corp.
The Company is a newly organized blank check company
incorporated as a Cayman Islands
exempted company and formed for the purpose of effecting a merger,
share exchange, asset acquisition, share purchase, reorganization
or similar business combination with one or more businesses.
While the Company may pursue an acquisition opportunity in any
business, industry, sector or geographical location, it intends to
pursue investments in a broad range of consumer products and
services sectors, including, but not limited to, packaged and
frozen foods, beverages, beer, wine and spirits, snacks, household
products, pet products, consumer and marketing services and
personal care products, including health and beauty and
over-the-counter products. The Company is led by Chairman and Chief
Executive Officer David Hooper,
President and Chief Operating Officer Thomas Flocco, and Chief Financial Officer
Todd Khoury. The Company's website
is www.authenticequityacquisitioncorp.com.
Contact:
Todd Khoury
Chief Financial Officer
tkhoury@authenticequityllc.com
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. 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. 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.
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SOURCE Authentic Equity Acquisition Corp.