Oak Woods Acquisition Corporation Announces Separate Trading of its Class A Ordinary Shares, Warrants, and Rights Commencing May 19, 2023
18 Maggio 2023 - 12:55AM
Oak Woods Acquisition Corporation (the "Company") announced today
that it will begin to separate trade the Class A ordinary
shares, par value $0.0001 per share (the “Class A ordinary
shares”), warrants, and rights included in the Company’s Units,
commencing on May 19, 2023.
Each Unit consists of one share of Class A Ordinary Share
(“Class A Ordinary Share”), one redeemable warrant (“Warrant”)
entitling its holder to purchase one share of Class A Ordinary
Share at a price of $11.50 per share, and one right (“Right”) to
receive one-sixth (1/6) of a share of Class A Ordinary Share upon
the consummation of an initial business combination. The Public
Units were sold at an offering price of $10.00 per Public Unit,
generating gross proceeds of $57,500,000. On March 28, 2023, the
Company issued a press release announcing the closing of the IPO
together with audited financial statements.
All Units currently listed are expected to be separated.
Underlying Class A ordinary shares, Warrants, and Rights that
are separated will trade on the NASDAQ under the symbols “OAKU”,
“OAKUW” and “OAKUR,” respectively. No fractional Class A ordinary
shares, Rights, or Warrants will be issued upon separation of the
Units and only whole Class A ordinary shares, Rights, and Warrants
will trade. 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 holders’ Units
into Class A ordinary shares, Rights, and Warrants.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
"forward-looking statements," including with respect to the
Company’s initial public offering, the anticipated use of the net
proceeds thereof and the Company’s search for an initial business
combination. No assurance can be given that the net proceeds of the
initial public offering will be used as indicated. 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 for the 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 these statements for revisions
or changes after the date of this release, except as required by
law.
Company Contact:
Lixin ZhengChief Executive Officer, Chief Financial Officer,
Chairman and Director Oak Woods Acquisition Corp.Email:
pr@oakwoodsacquisition.com Phone: (+1) 403-561-7750
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