Stratim Cloud Acquisition Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Redeemable Warrants ...
01 May 2021 - 6:01AM
Stratim Cloud Acquisition Corp. (Nasdaq: SCAQU) (the “Company,”
“us” or “our”) today announced that, commencing May 3, 2021,
holders of the units sold in the Company’s initial public offering
of 25,000,000 units completed on March 16, 2021, may elect to
separately trade the shares of Class A common stock and redeemable
warrants included in the units. Those units not separated will
continue to trade on The Nasdaq Capital Market (“Nasdaq”) under the
symbol “SCAQU”, and the shares of Class A common stock and
redeemable warrants that are separated will trade on the Nasdaq
under the symbols “SCAQ” and “SCAQW”, respectively. No fractional
warrants will be issued upon separation of the units and only whole
warrants will trade. 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 Class A common stock and redeemable warrants.
The units were initially offered by the Company in an
underwritten offering. BofA Securities and Cowen acted as joint
book-running managers. A registration statement relating to the
units and the underlying securities was declared effective by the
Securities and Exchange Commission (the “SEC”) on March 11,
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.
The offering was made only by means of a prospectus, copies of
which may be obtained for free from the SEC website at www.sec.gov
or by contacting BofA Securities, NC1-004-03-43, 200 North College
Street, 3rd floor, Charlotte, NC 28255-0001, Attn: Prospectus
Department, or by emailing dg.prospectus_requests@bofa.com; or
Cowen, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY, 11717, Attn: Prospectus Department, or by email at
PostSaleManualRequests@broadridge.com.
About Stratim Cloud Acquisition
Corp.
Stratim Cloud Acquisition Corp. is a special purpose acquisition
company. While the Company may pursue an initial business
combination target in any industry or geographic location, it
intends to focus its search on a target business operating in the
technology sector.
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. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
Investor Contact:
Sreekanth RaviChief Executive OfficerStratim Cloud Acquisition
Corp.1605 Pine Cone CircleIncline Village, Nevada 89451Telephone:
(775) 318-3629Email: sreekanth@stratimcloud.com
Zachary AbramsChief Strategy Officer and Chief Financial
OfficerStratim Cloud Acquisition Corp.1605 Pine Cone CircleIncline
Village, Nevada 89451Telephone: (775) 318-3629Email:
zach@stratimcloud.com
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