NEW YORK, Sept. 3, 2021
/PRNewswire/ -- TradeUP Acquisition Corp. (NASDAQ: UPTDU)
("TradeUP Acquisition" or the "Company") announced today that,
commencing September 7, 2021, holders of the Units (the
"Units") sold in the Company's initial public offering ("IPO") and
the over-allotment of 4,430,000 Units may elect to separately
trade the shares of common stock and warrants included in the
Units. Any Units not separated will continue to trade on the NASDAQ
Capital Market ("NASDAQ") under the symbol "UPTDU". Any underlying
common stock and warrants that are separated will trade on the
NASDAQ under the symbols "UPTD" and "UPTDW," 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 the Company's transfer agent, VStock
Transfer, LLC, in order to separate the holders' Units into common
stock and warrants.
The Units were initially offered by the Company in an
underwritten offering. US Tiger Securities, Inc. acted as the lead
book running manager in the offering. EF Hutton, division of
Benchmark Investments, LLC and R.F. Lafferty & Co., Inc. acted
as joint book running managers. R.F. Lafferty & Co., Inc. also
acted as a qualified independent underwriter.
A registration statement relating to these securities has been
filed with the Securities and Exchange Commission ("SEC") and
became effective on July 14, 2021.
The offering was made only by means of a prospectus, copies of
which may be obtained, when available, by contacting US Tiger
Securities, Inc., 437 Madison Avenue, 27th Floor, New York, New York 10022; email:
IB@ustigersecurities.com. Copies of the registration statement can
be accessed through the SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or a
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 TradeUP Acquisition Corp.
TradeUP Acquisition Corp. is a newly organized blank check
company incorporated as a Delaware
corporation formed for the purpose of effecting a merger, capital
stock exchange, asset acquisition, stock purchase, reorganization
or similar business combination with one or more businesses. The
Company's efforts to identify a prospective target business will
not be limited to a particular industry or geographic region,
although the Company intends to focus a search for a target
business in the technology industry.
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.
All statements other than statements of historical fact included in
this press release are forward-looking statements. Forward-looking
statements are subject to numerous conditions, risks and changes in
circumstances, 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, as amended from time to time, and
prospectus for the offering filed with the SEC. The Company
expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Company's
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is
based.
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SOURCE TradeUP Acquisition Corp.