99 Acquisition Group Inc. Announces the Separate Trading of its Share of Class A Common Stock, Warrants and Rights
99 Acquisition Group Inc. (Nasdaq: “NNAGU”) has made an exciting announcement regarding the trading of its units following its successful initial public offering. Starting from October 9, 2023, holders of the 7,500,000 units sold in the IPO will have the option to separately trade the shares of Class A common stock, warrants, and rights included in the Units.
For those units that remain unseparated, they will continue to trade on the Nasdaq Global Market under the symbol “NNAGU”. However, the Class A common stock, warrants, and rights that are separated will trade on the Nasdaq under the symbols “NNAG”, “NNAGW”, and “NNAGR”, respectively.
Each unit consists of one share of Class A common stock, one redeemable warrant, and one right to receive one-fifth (1/5) of a share of Class A common stock upon the consummation of an initial business combination. Additionally, each whole warrant entitles the holder to purchase one share of Class A common stock at a price of $11.50 per share.
To separate the units into shares of Class A common stock, warrants, and rights, holders will need to contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, through their brokers.
The offering was made exclusively through a prospectus, and interested parties can obtain copies of the prospectus from EF Hutton, division of Benchmark Investments, LLC.
99 Acquisition Group Inc. is a newly incorporated blank check company based in Gaithersburg, MD. The company was established as a Delaware corporation with the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
While the future holds great potential for 99 Acquisition Group Inc., it’s important to note that this press release contains forward-looking statements that involve risks and uncertainties. The company acknowledges that there are numerous conditions, risks, and changes in circumstances that may impact its operations, many of which are beyond its control. Interested parties are encouraged to review the “Risk Factors” section of the Company’s registration statement and prospectus for a comprehensive understanding of the potential risks involved.
Despite these considerations, 99 Acquisition Group Inc. remains committed to transparency and will continue to update its stakeholders with any necessary revisions or updates to its forward-looking statements.
For further information or inquiries, please reach out to Hiren Patel, Chairman, and Chief Executive Officer of 99 Acquisition Group Inc.
Overall, this announcement showcases the exciting progress and opportunities that lie ahead for 99 Acquisition Group Inc. and its shareholders. With a clear vision and strategic approach, the company is poised to make a positive impact in the business landscape.