Edoc Acquisition Corp. Announces Upcoming Automatic Unit Separation
09 Dicembre 2020 - 10:34PM
Edoc Acquisition Corp. (NASDAQ: ADOCU) (the “Company”) announced
today that, on December 10, 2020, the Company’s units will no
longer trade, and that the Company’s Class A ordinary share, rights
and redeemable warrants, which together comprise the units will
commence trading separately. The Class A ordinary shares, rights
and warrants will be listed on the Nasdaq Capital Market and trade
with the ticker symbols “ADOC”, “ADOCR” and “ADOCW”, respectively.
This is a mandatory and automatic separation, and no action is
required by the holders of units.
Each unit consists of Class A ordinary share, one right and one
redeemable warrant to purchase one-half of one Class A ordinary
share. Each right entitles the holder to receive one-tenth of one
Class A ordinary share upon the consummation of an initial business
combination, and each warrant entitles the holder to purchase
one-half of one Class A ordinary share at a price of $11.50 per
share. In the separation, unit owners will receive the number of
Class A ordinary shares underlying their units and the number of
rights and redeemable warrants underlying such units; however, no
fractional warrants will be issued. Any holder of units whose
ownership includes a fractional number of underlying warrants, will
be issued a number of warrants that is rounded down to the nearest
whole number. Accordingly, any owner of units that does not own a
multiple of two units will lose one-half of a warrant upon
separation.
Purchases of units that are made after market close on December
9, 2020, may not settle prior to the unit separation date and,
accordingly, the number of warrants and rights issued to such
purchasers may not reflect the warrants and rights underlying such
recently purchased units.
About Edoc Acquisition Corp.
Edoc Acquisition Corp. is a blank check company organized for
the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, recapitalization, reorganization, or
other similar business combination with one or more businesses or
entities. It intends to focus on businesses primarily operating in
the healthcare sector in North America and Asia-Pacific.
Contact:Edoc Acquisition Corp. 7612 Main Street
Fishers Suite 200 Victor, NY 14564 Attention: Kevin Chen
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