Atlas Crest Investment Corp. II has announced that holders of the units sold in the company’s initial public offering may elect to separately trade shares of its Class A common stock and warrants included in the units. 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 under the symbols “ACII” and “ACII WS,” respectively. Those units not separated will continue to trade on the NYSE under the symbol “ACII.U.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the company’s transfer agent, in order to separate the units into shares of Class A Common Stock and warrants.
The units were initially offered by the company in an underwritten offering. Cantor Fitzgerald & Co. acted as the sole book-running manager of the offering.