NEW YORK, March 4, 2021 /PRNewswire/ -- Pontem Corporation
(NYSE: PNTM.U) (the "Company") announced that, commencing
March 5, 2021, holders of the units
sold in the Company's initial public offering of 69,000,000 units,
completed on January 15, 2021, may
elect to separately trade the Class A ordinary shares and warrants
included in the units. Those units that are not separated at the
election of the holder will continue to trade on the New York Stock
Exchange ("NYSE") under the symbol "PNTM.U," and the Class A
ordinary shares and warrants that are separated will trade on the
NYSE under the symbols "PNTM" and "PNTM WS," respectively. 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 units into Class A ordinary shares and
warrants.
The units were initially offered by the Company in an
underwritten offering. Credit Suisse Securities (USA) LLC and Guggenheim Securities, LLC acted
as the book running managers for the offering. A registration
statement relating to the units and the underlying securities was
declared effective by the Securities and Exchange Commission (the
"SEC") on January 12, 2021.
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.
About Pontem Corporation
The Company is a newly organized blank check company
incorporated in the Cayman Islands
for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses. The Company has not yet
selected any specific business combination target.
For more information, please visit www.pontemcorp.com or
contact:
Tim Burt
tim.burt@teneo.com
Forward-Looking Statements
This press release may include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. All statements other than statements of historical fact
included in this press release are forward-looking statements. When
used in this press release, words such as "anticipate," "believe,"
"estimate," "expect," "intend" and similar expressions, as they
relate to us or our management team, identify forward-looking
statements. Such forward-looking statements are based on the
beliefs of management, as well as assumptions made by, and
information currently available to, the Company's management.
Actual results could differ materially from those contemplated by
the forward-looking statements as a result of certain factors
detailed in the Company's filings with the SEC. All subsequent
written or oral forward-looking statements attributable to us or
persons acting on our behalf are qualified in their entirety by
this paragraph. 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 relating to 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 by law.
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SOURCE Pontem Corporation