Powered Brands Securities to Commence Separate Trading
03 March 2021 - 11:24AM
Business Wire
Powered Brands (Nasdaq: POWRU) (the “Company”) announced today
that separate trading of its common stock and warrants underlying
the Company’s units would commence on or about March 3, 2021. The
common stock and warrants will trade under the symbols “POW” and
“POWRW”, respectively. Units not separated will continue to be
listed on Nasdaq Stock Market LLC under the symbol “POWRU.”
Powered Brands is a newly incorporated blank check company,
incorporated as a Cayman Islands exempted company for the purpose
of effecting a merger, share exchange, asset acquisition, share
purchase, reorganization or similar business combination with one
or more businesses or entities, which we refer to as our initial
business combination. While Powered Brands may pursue an initial
business combination opportunity in any business, industry, sector
or geographical location, it intends to capitalize on the ability
of its management team to identify promising opportunities within
beauty, wellness and consumer-related industries.
This press release shall not constitute an offer to sell or a
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.
Forward Looking Statements
This press release contains statements that constitute
“forward-looking statements” within the meaning of the federal
securities laws. Forward-looking statements are subject to numerous
risks and 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 other filings with the
Securities and Exchange Commission and, therefore, actual results
could differ materially from those projected in the forward-looking
statements. 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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version on businesswire.com: https://www.businesswire.com/news/home/20210302006197/en/
Liz Bruce liz.bruce@greycroft.com
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