ESH Acquisition Corp. Announces Upcoming Automatic Unit Separation
21 July 2023 - 7:02AM
ESH Acquisition Corp. (NASDAQ: ESHAU) (the “Company”) announced
today that, on July 21, 2023, the Company’s units will no longer
trade, and that the Company’s common stock and rights, which
together comprise the units will commence trading separately. The
common stock and rights will be listed on the Nasdaq Global Market
and trade with the ticker symbols “ESHA” and “ESHAR,” respectively.
This is a mandatory and automatic separation, and no action is
required by the holders of units.
Each unit consists of one share of Class A
common stock and one right. Each right entitles the holder to
receive one-tenth (1/10) of one share of its Class A common stock
upon the consummation of the Company’s initial business
combination. Purchases of units that are made after market close on
July 20, 2023, may not settle prior to the unit separation date
and, accordingly, the number of rights and warrants issued to such
purchasers may not reflect the rights and warrants underlying such
recently purchased units.
About ESH Acquisition Corp.
The Company is a newly organized blank check company formed for
the purpose of effecting a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or other similar
business combination with one or more businesses or entities. While
the Company may pursue an initial business combination target in
any business, industry or geographical location, it intends to
focus its search on businesses that are focused in the music
and entertainment, sports and hospitality industries.
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, including with respect to the closing of the offering
and the anticipated use of the proceeds thereof, 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 preliminary prospectus used in
connection with the Company’s offering filed with the SEC. Copies
are available on the SEC’s website, www.sec.gov. No assurance can
be given the offering discussed above will be completed on the
terms described, or at all, or the net proceeds of the offering
will be used as indicated. 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:
Jonathan Morrisjonathan@eshacquisition.com(407) 720-9250
ESH Acquisition (NASDAQ:ESHA)
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