Iconic Sports Acquisition Corp. announced that, commencing 2021, holders of the units sold in the Company’s initial public offering of 34,500,000 units, completed on October 26, 2021, 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 New York Stock Exchange (the “NYSE”) under the symbol “ICNC.U,” and the separated Class A ordinary shares and warrants are expected to trade on the NYSE under the symbols “ICNC” and “ICNC WS,” 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.
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The units were initially offered by the Company in an underwritten offering. Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC acted as the joint book-running managers 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 October 21, 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.
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