22:05 | 19.04.2019
Tortoise Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing April 22, 2019
Tortoise Acquisition Corp. (the “Company”) announced today that
commencing April 22, 2019, holders of the units sold in the Company’s
initial public offering may elect to separately trade the shares of
Class A common stock and warrants included in the units. Each unit
consists of one share of Class A common stock, par value $0.0001 per
share, and one-half of one redeemable warrant. No fractional warrants
will be issued upon separation of the units and only whole warrants will
trade. The shares of Class A common stock and warrants that are
separated will trade on the New York Stock Exchange (the “NYSE”) under
the symbols “SHLL” and “SHLL WS,” respectively. Those units not
separated will continue to trade on the NYSE under the symbol “SHLL.U.”
Holders of the units will need to have their brokers contact Continental
Stock Transfer & Trust Company, the Company’s transfer agent, in order
to separate the holders’ units into shares of Class A common stock and
The units were initially offered by the Company in an underwritten
offering. Barclays, Goldman Sachs & Co. LLC and UBS Investment Bank
acted as joint book running managers for the offering.
A registration statement relating to the units and the underlying
securities was declared effective by the U.S. Securities and Exchange
Commission (the “SEC”) on February 27, 2019.
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. A copy of the final prospectus relating to the
offering may be obtained for free by visiting the SEC’s website at http://www.sec.gov.
Alternatively, a copy of the final prospectus relating to the offering
may be obtained from Barclays, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, New York 11717, email: email@example.com,
tel: (888) 603-5847; Goldman Sachs & Co. LLC, Attn: Prospectus
Department, 200 West Street, New York, New York 10282, email: firstname.lastname@example.org,
tel: (866) 471-2526; and UBS Investment Bank, Attn: Prospectus
Department, 1285 Avenue of the Americas, New York, New York 10019,
tel: (888) 827-7275.
ABOUT TORTOISE ACQUISITION CORP.
Tortoise Acquisition Corp. was formed for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination. The Company intends to
focus its search for a target business in the energy industry.
FORWARD LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking
statements.” 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 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
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