MENLO PARK, Calif.,
Nov. 20, 2020 /PRNewswire/
-- Altimeter Growth Corp. (the "Company") announced today that
commencing November 23, 2020, holders
of the units sold in the Company's initial public offering of
45,000,000 units may elect to separately trade the shares of Class
A ordinary shares and redeemable warrants included in the units.
Those units not separated will continue to trade on the Nasdaq
Capital Market (the "Nasdaq") under the symbol "AGCUU." Class A
ordinary shares and warrants that are separated will trade on the
Nasdaq under the symbols "AGC" and "AGCWW," respectively. No
fractional warrants will be issued upon separation of the units and
only whole 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
units into Class A ordinary shares and redeemable warrants.
The units were initially offered by the Company in an
underwritten offering. Citigroup Global Markets Inc., Goldman Sachs
& Co. LLC and Morgan Stanley & Co. LLC acted as
book-running managers of the offering. The registration statement
relating to the units and the underlying securities became
effective on September 30, 2020.
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.
The offering was made only by means of a prospectus. Copies of
the prospectus may be obtained for free from the U.S. Securities
and Exchange Commission ("SEC") website http://www.sec.gov;
Citigroup Global Markets Inc., c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New
York 11717, Telephone: 1-800-831-9146; Goldman Sachs &
Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282; Telephone: (866) 471-2526;
Morgan Stanley & Co. LLC, c/o Attention: Prospectus Department,
180 Varick Street, 2nd Floor, New York, NY 10014.
Cautionary Note Concerning Forward-Looking Statements
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, including with respect to the anticipated separate trading
of the Company's Class A ordinary shares and redeemable warrants.
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, as they
relate to us or our management team, identify forward-looking
statements. Such forward-looking statements are based on the
beliefs of management, as well as assumptions made by, and
information currently available to, the Company's management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company's filings with the SEC. All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. 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.
About the Company
The Company is a newly organized blank-check company formed by
an affiliate of Altimeter Capital Management, LP ("Altimeter").
Altimeter is a technology-focused investment firm based in
Menlo Park, CA and Boston, MA, with approximately $13 billion of assets under management as of
September 30, 2020.
Media Contacts
Altimeter Growth Corp.
Megan Sabel
617-310-6182
megan@altimeter.com
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SOURCE Altimeter Growth Corp.