RYE BROOK, NEW YORK, November 24, 2021 (GLOBE NEWSWIRE) – Schultze Special Purpose Acquisition Corp. II (NASDAQ: SAMAU) (the “Company”), a special purpose acquisition company, today announced that holders of Units sold under the Company’s initial public offering may elect to separately trade the Class A common shares and the warrants included in the units on or around November 29, 2021.
The Class A Common Shares and the Separate Warrants are expected to trade on the Nasdaq Global Market (“Nasdaq”) under the symbols “SAMA” and “SAMAW”, respectively. All non-segregated units will continue to trade on the Nasdaq under the symbol “SAMAU”. No fractional warrants will be issued upon separation of the units and only whole warrants will be traded. Unitholders should instruct their brokers to contact Continental Stock Transfer & Trust Company, the transfer agent of the Company, in order to separate the units into Class A common shares and warrants.
The units were initially offered by the Company as part of a subscribed offer. Stifel, Nicolaus & Company, Incorporated and Mizuho Securities USA LLC acted as co-book managers for the offering.
A registration statement relating to these securities was declared effective by the United States Securities and Exchange Commission (the “SEC”) on October 7, 2021. The offer was made only by way of a prospectus, which makes part of the registration statement. Copies of the prospectus can be obtained free of charge by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies can be obtained from Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, Maryland 21202, email: [email protected], or by phone: (855) 300 -7136.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, 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. before registration or qualification. under the securities laws of any such state or jurisdiction.
About Schultze Special Purpose Acquisition Corp. II
Schultze Special Purpose Acquisition Corp. It is a blank check company formed for the purpose of concluding a merger, a capital stock exchange, an acquisition of assets, a purchase of shares, a recapitalization, a reorganization or any other similar business combination with one or several companies or entities. While the Company’s search for a target business is not limited to any particular industry or geographic region, it intends to focus initially on pursuing business combinations with companies. targets who may experience liquidity constraints, are in financial difficulty or have experienced and have emerged from financial restructuring. The Company Sponsor is a subsidiary of Schultze Asset Management, LP, an alternative investment management firm founded in 1998 which focuses primarily on distressed securities, special situations and event securities.
Caution Regarding Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements”, particularly with respect to the search for an initial business combination. No assurance can be given that the net proceeds of the initial public offering will be used as indicated. 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 filed. with the SEC. Copies are available on the SEC’s 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.
Schultze Special Purpose Acquisition Corp. II, (914) 701-5260
George J. Schultze, [email protected]
Gary M. Julien, [email protected]
Angela Lui, Managing Director, Business Development, Schultze Asset Management, [email protected]
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