NEW YORK, March 4, 2022 /PRNewswire/ -- Atlantic Coastal
Acquisition Corp. II (the "Company") announced that,
commencing March 7, 2022, holders of
the units sold in the Company's initial public offering may elect
to separately trade the shares of the Company's Series A common
stock and warrants included in the units. 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 the
Nasdaq Global Market ("Nasdaq") under the symbol "ACABU," and the
shares of Series A common stock and warrants that are separated
will trade on Nasdaq under the symbols "ACAB" and "ACABW,"
respectively. 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 Series A common stock and warrants.
The units were initially offered by the Company in an
underwritten offering. Cantor Fitzgerald & Co. acted as the
sole book running manager for the offering and Academy Securities,
Inc. and Siebert Williams Shank
& Co., LLC acted as co-managers of the offering. A registration
statement relating to the units and the underlying securities was
declared effective by the Securities and Exchange Commission (the
"SEC") on January 13, 2022.
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
by contacting Cantor Fitzgerald & Co. at 499 Park Avenue,
New York, NY 10022, or by email at
prospectus@cantor.com.
About Atlantic Coastal Acquisition Corp. II
The
Company is a blank check company incorporated in Delaware for the purpose of effecting a
merger, capital stock exchange, asset acquisition, share purchase,
reorganization or similar business combination with one or more
businesses.
Contact
Please send inquiries to
hello@atlanticcoastal.io
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.
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SOURCE Atlantic Coastal Acquisition Corp. II
