DENVER, November 29, 2021 / PRNewswire / – Accretion Acquisition Corp. (the âCompanyâ) announced today that the start of December 1, 2021, holders of units sold under the Company’s initial public offering may elect to trade separately the common shares, rights and warrants included in the units. Each unit consists of one ordinary share, par value $ 0.001 per share, a right authorizing its holder to receive one-tenth of an ordinary share upon the completion of an initial business combination, and half a subscription warrant, each entire subscription warrant giving the holder the right to buy a common share at the price of $ 11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will be traded. The Common Shares, Rights and Separate Warrants will trade on the Nasdaq Global Market (the âNasdaqâ) under the symbols âENERâ, âENERRâ and âENERWâ, respectively. Non-segregated units will continue to trade on the Nasdaq under the symbol “ENERU”. Unitholders should instruct their brokers to contact Continental Stock Transfer & Trust Company, the transfer agent of the Company, in order to separate the unitholders’ units into common shares, rights and warrants.
The units were initially offered by the Company as part of a subscribed offer. EarlyBirdCapital, Inc. and Stephens Inc. acted as book managers.
A registration statement relating to the units and the underlying securities entered into force on 20 October 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or jurisdiction. A copy of the final prospectus relating to the Offer may be obtained free of charge by visiting the website of the United States Securities and Exchange Commission (the âSECâ) at http://www.sec.gov.
ABOUT ACQUISITION CORP.
Accretion Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, share swap, asset acquisition, share purchase, recapitalization or other similar business combination with one or more companies or entities . The Company’s efforts to identify a potential target business will not be limited to any particular industry or geographic region.
This press release contains statements that constitute “forward-looking statements”. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and prospectus for the initial public offering. of the Company filed with the SEC. Copies are available on the SEC website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this posting, except as required by law.
SOURCE Accretion Acquisition Corp.