{"id":409903,"date":"2021-01-06T16:18:27","date_gmt":"2021-01-06T21:18:27","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=409903"},"modified":"2021-01-06T16:18:27","modified_gmt":"2021-01-06T21:18:27","slug":"pine-island-acquisition-corp-announces-the-separate-trading-of-its-class-a-common-stock-and-warrants-commencing-on-january-7-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pine-island-acquisition-corp-announces-the-separate-trading-of-its-class-a-common-stock-and-warrants-commencing-on-january-7-2021\/","title":{"rendered":"Pine Island Acquisition Corp. Announces the Separate Trading of Its Class A Common Stock and Warrants, Commencing on January 7, 2021"},"content":{"rendered":"

<\/p>\n

\nPine Island Acquisition Corp. Announces the Separate Trading of Its Class A Common Stock and Warrants, Commencing on January 7, 2021\n<\/p>\n

FORT LAUDERDALE, Fla.–(BUSINESS WIRE<\/a>)–
\nPine Island Acquisition Corp. (NYSE: PIPP.U) (the \u201cCompany<\/span>\u201d) today announced that, commencing on January 7, 2021, holders of the units (the \u201cUnits<\/span>\u201d) sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock (the \u201cCommon Stock<\/span>\u201d) and warrants (the \u201cWarrants<\/span>\u201d) included in the Units.\n<\/p>\n

\nThe Common Stock and Warrants received from the separated Units will trade on the New York Stock Exchange (\u201cNYSE<\/span>\u201d) under the symbols \u201cPIPP\u201d and \u201cPIPP WS\u201d, respectively. Units that are not separated will continue to trade on the NYSE under the \u201cPIPP.U\u201d ticker symbol. 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\u2019s transfer agent, in order to separate the Units into Common Stock and Warrants.\n<\/p>\n

\nPine Island Acquisition Corp. is a special purpose acquisition company organized for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although the Company\u2019s efforts to identify a prospective business combination opportunity will not be limited to a particular industry, it intends to focus on businesses in the defense, government service and aerospace industries.\n<\/p>\n

\nThis 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.\n<\/p>\n

Forward Looking Statements<\/b><\/p>\n

\nThis press release contains statements that constitute \u201cforward-looking statements,\u201d including with respect to the anticipated separate trading of the Company\u2019s Common Stock and Warrants and the Company\u2019s plans with respect to the target industry for a potential business combination. No assurance can be given that the Company will ultimately complete a business combination transaction. 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\u2019s registration statement and prospectus for the Company\u2019s offering filed with the U.S. Securities and Exchange Commission (the \u201cSEC\u201d). Copies of these documents are available on the SEC\u2019s website, at www.sec.gov<\/a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210106005714\/en\/<\/a><\/span><\/p>\n

Clyde Tuggle
\n<\/b>
(954) 526-4865
\n<\/b>
ir@pineislandac.com<\/a><\/b><\/p>\n

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

INDUSTRY KEYWORDS:<\/b> Finance Aerospace Banking Manufacturing Professional Services<\/p>\n

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

Pine Island Acquisition Corp. Announces the Separate Trading of Its Class A Common Stock and Warrants, Commencing on January 7, 2021 FORT LAUDERDALE, Fla.–(BUSINESS WIRE)– Pine Island Acquisition Corp. (NYSE: PIPP.U) (the \u201cCompany\u201d) today announced that, commencing on January 7, 2021, holders of the units (the \u201cUnits\u201d) sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock (the \u201cCommon Stock\u201d) and warrants (the \u201cWarrants\u201d) included in the Units. The Common Stock and Warrants received from the separated Units will trade on the New York Stock Exchange (\u201cNYSE\u201d) under the symbols \u201cPIPP\u201d and \u201cPIPP WS\u201d, respectively. Units that are not separated will continue to trade on the NYSE under the \u201cPIPP.U\u201d … <\/p>\n

Continue reading “Pine Island Acquisition Corp. Announces the Separate Trading of Its Class A Common Stock and Warrants, Commencing on January 7, 2021”<\/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-409903","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nPine Island Acquisition Corp. 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