COTTONWOOD HEIGHTS, Utah,
Dec. 23, 2021 /PRNewswire/ -- Mercato
Partners Acquisition Corporation (the "Company") announced that,
commencing December 27, 2021, holders
of the units sold in the Company's initial public offering (the
"Units") may elect to separately trade the shares of Class A common
stock and warrants included in the Units. The shares of Class A
common stock and warrants that are separated will trade on the
Nasdaq Global Market ("Nasdaq") under the ticker symbols "MPRA" and
"MPRAW," respectively. No fractional warrants will be issued
upon separation of the Units and only whole warrants will trade.
Holders of the Units will need to have their brokers contact
Continental Stock Transfer & Trust Company, the Company's
transfer agent, in order to separate such holders' Units into Class
A common stock and redeemable warrants. Those Units not
separated will continue to trade on Nasdaq under the ticker symbol
"MPRAU."
The Units were initially offered by the Company in an
underwritten offering. BofA Securities acted as the sole
book-running manager and underwriter for the initial public
offering. The offering was made only by means of a
prospectus, copies of which may be obtained for free from the U.S.
Securities and Exchange Commission (the "SEC") website at
www.sec.gov.
A registration statement relating to these securities was filed
with the SEC and became effective on November 3, 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.
About Mercato Partners Acquisition Corporation
Mercato Partners Acquisition Corporation is a newly
incorporated, blank check company formed for the purpose of
entering into a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. The Company intends to capitalize on
the ability of its management team and the broader Mercato Partners
platform to identify, acquire and operate a business in either the
technology or branded consumer products sector that possesses the
suitable characteristics to achieve attractive long-term risk
adjusted returns, though it reserves the right to pursue an
acquisition opportunity in any business or industry.
Forward-Looking Statements
This press release includes forward-looking statements.
Forward-looking statements are statements that are not historical
facts. Such forward-looking statements are subject to risks and
uncertainties, 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 for the offering
filed with the SEC, any of which could cause actual results to
differ from such forward-looking statements. The Company expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company's expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based, except as required
by law.
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SOURCE Mercato Partners
