SAN FRANCISCO, Sept. 8, 2021 /PRNewswire/ -- Bilander
Acquisition Corp. (NASDAQ: TWCB) (the "Company"), announced today
that, commencing September 8, 2021,
holders of the units sold in the Company's initial public offering
may elect to separately trade shares of the Company's 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 Capital Market under the symbols
"TWCB" and "TWCBW," respectively. No fractional warrants will be
issued upon separation of the units and only whole warrants will
trade. Those units not separated will continue to trade on the
Nasdaq Capital Market under the symbol "TWCBU." 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 units into shares of Class A common stock and
warrants.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission (the
"SEC") on July 15, 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.
About the Company
The Company is a newly organized blank check company sponsored
by True Wind Capital ("True Wind"), a San Francisco-based,
technology-focused private equity firm managing
approximately $1.4 billion. The Company is led by Scott
W. Wagner, Head of Strategic Capital for True Wind, who is
responsible for leading True Wind's SPAC franchise and overseeing
its operations, and James H. Greene, Jr., a founding partner
of True Wind. Mr. Wagner and Mr. Greene serve as the Company's
Chief Executive Officer and Chairman, respectively. Mr. Wagner
brings nearly 30 years of deep operating experience within the
software, internet, consumer media, and data and analytics
sectors.
Forward Looking-Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the search
for an initial business combination. No assurance can be given that
the proceeds of the 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.
Contacts:
Jonathan Gasthalter/Nathaniel Garnick
Gasthalter & Co.
(212) 257-4170
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SOURCE Bilander Acquisition Corp.