Modern Media Acquisition Corp. Announces Upcoming Separation of Trading of its Common Stock, Rights and Warrants
02 Giugno 2017 - 1:30PM
Business Wire
Modern Media Acquisition Corp. (NASDAQ:MMDMU) (the “Company”)
today announced that, commencing June 7, 2017, holders of the
Company’s units (“Units”) may elect to separately trade the shares
of the Company’s common stock, par value $0.0001 per share (“Common
Stock”), the rights (each, a “Right”) and the warrants (each, a
“Warrant”) comprising the Units on the NASDAQ Capital Market
(“NASDAQ”). Each Unit consists of one share of Common Stock, one
Right, and one-half of one Warrant. Each Right entitles the holder
thereof to receive one-tenth of one share of Common Stock (for no
additional consideration) upon the consummation of an initial
business combination. Each whole Warrant entitles the holder
thereof to purchase one share of Common Stock at $11.50 per share.
No fractional Warrants will be issued upon separation of the Units
and only whole Warrants will be eligible to trade on NASDAQ. Those
Units not separated will continue to trade on NASDAQ under the
symbol “MMDMU,” and the shares of Common Stock, Rights and Warrants
will trade on NASDAQ under the symbols “MMDM,” “MMDMR” and “MMDMW,”
respectively. Holders of the Units will need to have their brokers
contact Continental Stock Transfer and Trust Company, the Company’s
transfer agent, in order to separate the Units into Common Stock,
Rights and Warrants.
The Units were initially offered and sold by the Company in an
underwritten public offering. Macquarie Capital acted as sole
bookrunner of the offering and EarlyBirdCapital, Inc., Cowen and
Company, LLC and I-Bankers Securities, Inc. acted as co-managers of
the offering.
A registration statement relating to these securities was
declared effective by the U.S. Securities and Exchange Commission
(the “SEC”) on May 11, 2017.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any offer or
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.
A copy of the final prospectus relating to the offering may be
obtained for free by visiting the SEC’s website at
http://www.sec.gov. Alternatively, a copy of the prospectus
relating to this offering may be obtained from Macquarie Capital,
Attn: Syndicate Department, 125 West 55th Street, L-22, New York,
New York 10019, telephone: 212-231-0440, or by emailing:
MacquarieEquitySyndicateUSA@macquarie.com; EarlyBirdCapital, Inc.,
Attn: Jillian Carter, Syndicate Department, 366 Madison Avenue, 8th
Floor, New York, New York 10017, telephone: 212-661-0200, or by
emailing: jcarter@ebcap.com; Cowen and Company, LLC c/o Broadridge
Financial Services., Attn: Prospectus Department, 1155 Long Island
Avenue, Edgewood, New York 11717, or by telephone: (631) 274-2806;
and I-Bankers Securities, Inc., Attn: Chris Nash, 535 5th Avenue,
4th Floor, New York, New York 10017, telephone: 214-687-0020, or by
emailing: Chris@ibsgroup.net.
FORWARD-LOOKING STATEMENTS
Some of the statements contained in this press release may
constitute “forward-looking statements” for purposes of the federal
securities laws. Forward-looking statements are statements other
than historical fact, and may include statements regarding the
Company’s expectations, beliefs, intentions or strategies regarding
future actions or events. Forward-looking statements are based on
the Company’s current expectations and beliefs concerning potential
future developments and events, and their potential effects on the
Company. There can be no assurance that any such future
developments or events affecting the Company will be those that it
has anticipated. Forward-looking statements involve a number of
risks, uncertainties (some of which are beyond the Company’s
control) and other assumptions that may cause actual results or
performance to be materially different from those expressed or
implied by these forward-looking statements, including those set
forth in the Risk Factors section of the Company’s registration
statement and prospectus for the Company’s 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 or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
under applicable law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170602005187/en/
Modern Media Acquisition Corp.Lewis W. Dickey, Jr.President and
Chief Executive Officerldickey@modernmediaco.com
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