Altitude Acquisition Corp. Announces the Separate Trading of its Common Stock and Warrants, Commencing January 29, 2021
23 January 2021 - 08:45AM
Altitude Acquisition Corp (Nasdaq: ALTUU) (the “Company”) today
announced that, commencing January 29, 2021, holders of the units
sold in the Company’s initial public offering may elect to
separately trade shares of the Company’s common stock and warrants
included in the units.
No fractional warrants will be issued upon separation of the
units and only whole warrants will trade. The shares of common
stock and warrants that are separated will trade on The Nasdaq
Stock Market under the symbols “ALTU” and “ALTUW,” respectively.
Those units not separated will continue to trade on The Nasdaq
Stock Market under the symbol “ALTUU.” 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 common stock and warrants.
Altitude Acquisition Corp. is a blank-check company formed for
the purpose of effecting a merger, capital stock exchange, asset
acquisition, stock purchase, reorganization or similar business
combination with one or more businesses. The Company intends to
focus on travel, travel technology and travel-related businesses
with an enterprise value of $1 billion or more with either
business-to-business (“B2B”) or business-to-consumer (“B2C”)
focuses, that have compelling growth opportunities with strong
underlying demand drivers.
Cantor Fitzgerald & Co. acted as the sole book-runner and
Odeon Capital Group, LLC as the lead manager of the offering.
The offering was made only by means of a prospectus. When
available, copies of the prospectus relating to this offering may
be obtained from Cantor Fitzgerald & Co., Attention: Capital
Markets, 499 Park Avenue, 5th Floor, New York, NY 10022 or emailing
a request to prospectus@cantor.com.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on December 8, 2020. 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 contains statements that constitute
“forward-looking statements,” including with respect to the 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 and prospectus 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.
Contact
Cody Slach Gateway ALTU@gatewayir.com 949-574-3860
Altitude Acquisition (NASDAQ:ALTUU)
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