Vahanna Tech Edge Acquisition I Corp. Announces the Separate Trading of Its Class A Ordinary Shares and Warrants Commencing January 13, 2022
10 Gennaio 2022 - 11:00PM
Business Wire
Vahanna Tech Edge Acquisition I Corp. (NASDAQ:VHNAU) (the
“Company”) announced that, commencing January 13, 2022, holders of
the 20,010,000 units sold in the Company’s initial public offering
may elect to separately trade the Class A ordinary shares and
warrants included in the units. Any units not separated will
continue to trade on The Nasdaq Global Market (“Nasdaq”) under the
symbol “VHNAU,” and the separated Class A ordinary shares and
warrants are expected to trade on Nasdaq under the symbols “VHNA”
and “VHNAW,” 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 Class A ordinary shares and
warrants.
The units were initially offered by the Company in an
underwritten offering. Mizuho Securities USA LLC (“Mizuho”) acted
as the sole bookrunner 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
November 22, 2021.
The offering was made only by means of a prospectus. Copies of
the prospectus relating to the offering may be obtained from
Mizuho, 1271 Avenue of the Americas, New York, New York, 10020,
Attention: Equity Capital Markets; Telephone: 212-205-7600. Copies
of the Company’s registration statement and prospectus for the
offering are available on the SEC’s website at www.sec.gov.
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
Vahanna Tech Edge Acquisition I Corp. is a blank check company
whose business purpose is to effect a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. While the
Company may pursue an initial business combination with a company
in any sector or geography, the Company intends to focus its search
on companies with a strong connection to India and catering to a
large addressable market opportunities in India or other developed
geographies such as the Americas and Europe.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated separation of the units into Class A ordinary shares
and warrants. No assurance can be given that the units will be
separated 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 final prospectus relating
to 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 these statements for revisions
or changes after the date of this release, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220110005024/en/
Vahanna Tech Edge Acquisition I Corp. Raahim Don
raahim@vahanna.com https://www.vahannatech.com/contact-us
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