LOS ANGELES, Jan. 21, 2022 /PRNewswire/ -- Games & Esports
Experience Acquisition Corp. (the "Company") today announced that,
commencing January 24, 2022, holders
of the units sold in the Company's initial public offering may
elect to separately trade the Class A ordinary shares and
redeemable warrants included in the units. Each unit consists of
one Class A Ordinary Share and one-half of one redeemable warrant.
Each whole warrant entitles the holder thereof to purchase one
Class A Ordinary Share at a price of $11.50 per share, subject to adjustment. No
fractional warrants will be issued upon separation of the units and
only whole warrants will trade. The Class A ordinary shares and
whole warrants that are separated will trade on the Nasdaq Global
Market ("Nasdaq") under the symbols "GEEX" and "GEEXW,"
respectively (Nasdaq: GEEX) (Nasdaq: GEEXW). Those units not
separated will continue to trade on Nasdaq under the symbol
"GEEXU," (Nasdaq: GEEXU). 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
holders' units into Class A ordinary shares and redeemable
warrants.
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 Games & Esports Experience Acquisition
Corp.
Games & Esports Experience 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. While
the Company may pursue an initial business combination target in
any business, industry, sector or geographical location, it intends
to focus its search on target businesses in interactive media,
operating directly within or adjacent to competitive gaming and
esports sectors or in industries with similar user characteristics
or demographics including, but not limited to, ecommerce, media,
content and other intellectual property, sports &
entertainment, and social media. Concurrently with the initial
business combination, the Company currently plans to merge with
Gamers Club Holdings, LLC, a gaming technology subscription
platform and community hub based in Brazil and an affiliate of GEEX Sponsor, LLC,
the Company's sponsor. The Company will not, however, complete an
initial business combination with only Gamers Club.
Forward Looking Statements
This press release includes forward looking statements that
involve risks and uncertainties, including with respect to the
timing of the separate trading of the Company's Class A ordinary
shares and redeemable warrants. Forward looking statements are
subject to numerous conditions, risks and changes in circumstances,
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 final prospectus for the Company's
initial public offering filed with the U.S. Securities and Exchange
Commission (the "SEC"), copies of which are available on the SEC's
website at http://www.sec.gov. 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.
Contact
Tomi Kovanen
Games & Esports Experience Acquisition Corp.
P: (213) 266-7674
E: tk@geexcorp.com
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SOURCE Games & Esports Experience Acquisition Corp.
