{"id":392892,"date":"2020-12-03T10:47:27","date_gmt":"2020-12-03T15:47:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392892"},"modified":"2020-12-03T10:47:27","modified_gmt":"2020-12-03T15:47:27","slug":"correcting-and-replacing-good-works-acquisition-corp-announces-upcoming-automatic-unit-separation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/correcting-and-replacing-good-works-acquisition-corp-announces-upcoming-automatic-unit-separation\/","title":{"rendered":"CORRECTING and REPLACING Good Works Acquisition Corp. Announces Upcoming Automatic Unit Separation"},"content":{"rendered":"

<\/p>\n

CORRECTING and REPLACING Good Works Acquisition Corp. Announces Upcoming Automatic Unit Separation<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nThird paragraph, first sentence should read: Purchases of units that are made after market close on December 3, 2020, may not settle prior to the unit separation date and, accordingly, the number of warrants issued to such purchasers may not reflect the warrants underlying such recently purchased units. (instead of Purchases of units that are made after market close on 3, 2020, may not settle prior to the unit separation date and, accordingly, the number of warrants issued to such purchasers may not reflect the warrants underlying such recently purchased units.).\n<\/p>\n

\nThe updated release reads:\u00a0\n<\/p>\n

GOOD WORKS ACQUISITION CORP. ANNOUNCES UPCOMING AUTOMATIC UNIT SEPARATION<\/b><\/p>\n

\nGood Works Acquisition Corp. (NASDAQ: GWACU) (the \u201cCompany\u201d) announced today that, on December 7, 2020, the Company\u2019s units will no longer trade, and that the Company\u2019s common stock and redeemable warrants, which together comprise the units will commence trading separately. The common stock and warrants will be listed on the Nasdaq Capital Market and trade with the ticker symbols \u201cGWAC\u201d and \u201cGWACW\u201d, respectively. This is a mandatory and automatic separation, and no action is required by the holders of units.\n<\/p>\n

\nEach unit consists of one share of common stock and one-half of one redeemable warrant, with each whole warrant entitling the holder to purchase one share of common stock at a price of $11.50 per share. In the separation, unit owners will receive the number of shares of common stock underlying their units and the number of redeemable warrants underlying such units; however, no fractional warrants will be issued. Any holder of units whose ownership includes a fractional number of underlying warrants, will be issued a number of warrants that is rounded down to the nearest whole number. Accordingly, any owner of units that does not own a multiple of two units will lose one-half of a warrant upon separation.\n<\/p>\n

\nPurchases of units that are made after market close on December 3, 2020, may not settle prior to the unit separation date and, accordingly, the number of warrants issued to such purchasers may not reflect the warrants underlying such recently purchased units.\n<\/p>\n

About Good Works Acquisition Corp.<\/strong><\/p>\n

\nGood Works Acquisition Corp. is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. The Company\u2019s management team consists of Messrs. Fred Zeidman, CEO and Co-Chairman, Douglas Wurth, Co-Chairman, and Cary Grossman, President. The Company may pursue a business combination opportunity in any business or industry it chooses. It intends to focus on a business combination with a company in need of growth capital experiencing rapid growth due to new technology or changes in behavior brought about by COVID-19.\n<\/p>\n

Forward-Looking Statements <\/strong><\/p>\n

\nThis press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements, including those set forth in the risk factors section of the prospectus used in connection with the Company\u2019s initial public offering. 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\u2019s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based, except as required by law.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201203005128\/en\/<\/a><\/span><\/p>\n

\nCary Grossman
\n
713-204-3873
\n
cgrossman@shorelinecapitaladvisors.com <\/a><\/p>\n

KEYWORDS:<\/b> Texas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Consulting Other Professional Services Professional Services Finance<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

CORRECTING and REPLACING Good Works Acquisition Corp. Announces Upcoming Automatic Unit Separation HOUSTON–(BUSINESS WIRE)– Third paragraph, first sentence should read: Purchases of units that are made after market close on December 3, 2020, may not settle prior to the unit separation date and, accordingly, the number of warrants issued to such purchasers may not reflect the warrants underlying such recently purchased units. (instead of Purchases of units that are made after market close on 3, 2020, may not settle prior to the unit separation date and, accordingly, the number of warrants issued to such purchasers may not reflect the warrants underlying such recently purchased units.). The updated release reads:\u00a0 GOOD WORKS ACQUISITION CORP. ANNOUNCES UPCOMING AUTOMATIC UNIT SEPARATION Good Works … <\/p>\n

Continue reading “CORRECTING and REPLACING Good Works Acquisition Corp. Announces Upcoming Automatic Unit Separation”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392892","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCORRECTING and REPLACING Good Works Acquisition Corp. 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