NEW YORK, Sept. 21, 2021 /PRNewswire/ -- Springwater
Special Situations Corp. (NASDAQ: SWSSU) (the "Company")
announced today that, commencing on or about September 23, 2021, holders of its units sold in
the Company's initial public offering may elect to separately trade
shares of the Company's common stock and warrants included in the
units. The shares of common stock and warrants that are separated
will trade on the Nasdaq Capital Market ("Nasdaq") under the
symbols "SWSS" and "SWSSW," respectively. No fractional warrants
will be issued upon separation of the units and only whole warrants
will trade. Those units not separated will continue to trade on
Nasdaq under the symbol "SWSSU." 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 common stock and warrants.
Springwater Special Situations Corp. is a Delaware blank check company formed for the
purpose of entering into a merger, share exchange, asset
acquisition, stock purchase, recapitalization, reorganization or
similar business combination with one or more businesses or
entities. The Company's efforts to identify a prospective target
business will not be limited to a particular industry or geographic
region. The Company is led by Martin
Gruschka, Chief Executive Officer and Director, Ignacio Casanova, Chief Financial Officer and
Director, and Angel Pendas,
Secretary and Director.
EarlyBirdCapital, Inc. acted as the sole book-running manager
for the Company's initial public offering which was consummated in
August 2021. JonesTrading Institutional Services LLC acted as
co-manager for the initial public offering.
A registration statement relating to the Company's offer and
sale of these securities was filed with the Securities and Exchange
Commission ("SEC") and was declared effective on August 25, 2021. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an 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." 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 final
prospectus for the initial public offering filed with the SEC.
Copies are available on the SEC's website, www.sec.gov. The
Company undertakes no obligation to update these statements for
revisions or changes after the date of this release, except as
required by law.
Contact:
Martin Gruschka, CEO
212-818-8800
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SOURCE Springwater Special Situations Corp.