SPORTSTEK ACQUISITION CORP

SportsTek Acquisition Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Redeemable Warrants Commencing April 9, 2021

Retrieved on: 
Tuesday, April 6, 2021
Finance, Money, Financial markets, Corporate finance, Equity securities, Stock market, Options, Warrant, Stock exchange, NASDAQ, Stock, Financial capital

Those units not separated will continue to trade on Nasdaq under the symbol SPTKU and the shares of Class A common stock and redeemable warrants that are separated will trade on Nasdaq under the symbols SPTK and SPTKW, respectively.

Key Points: 
  • Those units not separated will continue to trade on Nasdaq under the symbol SPTKU and the shares of Class A common stock and redeemable warrants that are separated will trade on Nasdaq under the symbols SPTK and SPTKW, respectively.
  • 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 Companys transfer agent, in order to separate the units into shares of Class A common stock and redeemable warrants.
  • SportsTek was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

SportsTek Acquisition Corp. Announces Pricing of Upsized $150 Million Initial Public Offering

Retrieved on: 
Wednesday, February 17, 2021
Corporate finance, Financial economics, Finance, Equity securities, Money, Stock market, Options, Warrant, Stock, Pricing, Initial public offering

TULSA, Okla., Feb. 17, 2021 (GLOBE NEWSWIRE) -- SportsTek Acquisition Corp. (the Company) today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit.

Key Points: 
  • TULSA, Okla., Feb. 17, 2021 (GLOBE NEWSWIRE) -- SportsTek Acquisition Corp. (the Company) today announced the pricing of its initial public offering of 15,000,000 units at a price of $10.00 per unit.
  • Each unit consists of one share of the Companys Class A common stock and one-half of one redeemable warrant.
  • Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share.
  • The Company has granted Stifel a 45-day option to purchase up to 2,250,000 additional units at the initial public offering price to cover over-allotments, if any.