Arena Fortify Acquisition Corp. Announces the Separate Trading of Its Shares of Class A Common Stock and Warrants Commencing December 31, 2021
30 Dicembre 2021 - 11:15PM
Arena Fortify Acquisition Corp. (NASDAQ: AFACU) (the “Company”)
announced that, commencing December 31, 2021, holders of the units
sold in the Company’s initial public offering of 17,250,000 units,
which included 2,250,000 units issued as a result of the full
exercise of the underwriters’ option to purchase additional units
to cover over-allotments, completed on November 15, 2021, may elect
to separately trade the shares of Class A common stock and warrants
included in the units. Any units not separated will continue to
trade on The Nasdaq Global Market (the “Nasdaq”) under the symbol
“AFACU,” and the separated shares of Class A common stock and
warrants are expected to trade on the Nasdaq under the symbols
“AFAC” and “AFACW,” respectively. No fractional warrants will be
issued upon separation of the units and only whole warrants will
trade. Unitholders will need to have their brokers contact
Continental Stock Transfer & Trust Company, the Company’s
transfer agent, to separate the units into shares of Class A common
stock and warrants.
The units were initially offered by the Company
in an underwritten offering. Cowen and Company, LLC and Intrepid
Partners, LLC acted as joint book-running managers for 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 November 9, 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 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 from Cowen and Company,
LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, Attn: Prospectus Department, by telephone:
(833) 297-2926 or by email:
PostSaleManualRequests@broadridge.com.
About Arena Fortify Acquisition Corp.
Arena Fortify Acquisition Corp., led by Daniel
B. Zwirn, is a blank check company formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses with a focus on acquisition candidates that
have either recently emerged from bankruptcy court protection or
will require incremental capital as part of a balance sheet
restructuring within the broad natural resources industry.
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 the Company or its 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 the Company or persons acting on the Company’s 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
final 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.
Contact:Parag Shah pshah@arenaco.com
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