LAS VEGAS, Sept. 22, 2021 /PRNewswire/ -- Software
Acquisition Group Inc. III (Nasdaq: SWAGU) (the "Company")
announced that, commencing September 20,
2021, holders of the units sold in the Company's initial
public offering of 22,807,868 units (including 2,807,868 units sold
pursuant to the underwriter's option to purchase additional units)
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 Capital Market (the "Nasdaq") under
the symbol "SWAGU," and the separated shares of Class A common
stock and warrants are expected to trade on the Nasdaq under the
symbols "SWAG" and "SWAGW," 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, in order 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. Jefferies LLC acted as book-running manager
of 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 July
28, 2021.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, 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.
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 identify
forward-looking statements. 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 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.
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SOURCE Software Acquisition Group Inc. III