NEW
YORK, March 1, 2023 /PRNewswire/ -- Berenson
Acquisition Corp. I (NYSE: BACA) (the "Company"), announced today
that it will transfer the listing of its Class A common stock from
the New York Stock Exchange to NYSE American LLC ("NYSE American").
The Company anticipates its Class A common stock will begin trading
on NYSE American on Monday, March 13,
2023 under its current ticker symbol of BACA. The Company's
Class A common stock has been approved for listing on NYSE American
and will continue to trade under the same ticker symbol on the New
York Stock Exchange until the transfer is complete.
The Company further announced today that in connection with the
transfer, effective March 13, 2023,
the Company's units, which trade under the ticker symbol "BACA.U"
will be mandatorily separated and the units will no longer trade on
the New York Stock Exchange. The Class A common stock will trade on
NYSE American under the symbol "BACA," and the warrants will
continue to trade on the over-the-counter market. This is a
mandatory and automatic separation, and no action is required by
the holders of the units. Each unit consists of one share of Class
A common stock and one-half of one redeemable warrant to purchase
one share of Class A common stock. In the separation, unit holders
will receive shares of Class A common stock and warrants underlying
their units.
About Berenson Acquisition Corp. I
Berenson Acquisition Corp. I is a special purpose acquisition
company (SPAC) focused on the software and technology-enabled
services industry. The Company intends to effect a merger,
capital stock exchange, asset acquisition, stock purchase,
recapitalization, reorganization or similar business combination
with one or more businesses in the software or technology-enabled
services sectors with a total enterprise value of in excess of
$1 billion. For more information, visit
http://www.berensonacquisitioncorp.com/.
Cautionary Note Concerning Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Certain of these
forward-looking statements can be identified by the use of words
such as "believes," "expects," "intends," "plans," "estimates,"
"assumes," "may," "should," "will," "seeks," or other similar
expressions. Such statements may include, but are not limited to,
statements regarding the Company's plan to transfer the listing of
its Class A common stock from the New York Stock Exchange to NYSE
American and separation of units. These statements are based on
current expectations on the date of this press release and involve
a number of risks and uncertainties that may cause actual results
to differ significantly. The Company does not assume any obligation
to update or revise any such forward-looking statements, whether as
the result of new developments or otherwise. Readers are cautioned
not to put undue reliance on forward-looking statements.
Contact:
Berenson Acquisition Corp. I
Josh Woodbridge
ir@berensonacquisitioncorp.com
http://www.berensonacquisitioncorp.com/
Media Contact:
Prosek Partners
Forrest Gitlin
FGitlin@prosek.com
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SOURCE Berenson Acquisition Corp.