ITASCA, Ill., Nov. 17, 2020 /PRNewswire/ -- FG New America
Acquisition Corp. (NYSE: FGNA.U) (the "Company") announced today
that, commencing November 20, 2020,
holders of the units sold in the Company's initial public offering
of 23,775,000 units completed on October 2,
2020 may elect to separately trade the shares of the
Company's 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 ("NYSE") under the symbols "FGNA" and "FGNA
WS," respectively. Those units not separated will continue to trade
on the NYSE under the symbol "FGNA.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. Piper Sandler
& Co. and ThinkEquity, a division of Fordham Financial
Management, Inc., acted as joint book-running managers for the
offering. A registration statement relating to the units and the
underlying securities was declared effective by the U.S. Securities
and Exchange Commission (the "SEC") on September 29, 2020.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such an
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. The offering was made only by means of a prospectus.
Copies of the prospectus may be obtained from Piper Sandler, 1251 Avenue of the Americas, 6th
Floor, New York, New York 10020,
by telephone at (866) 805-4128, by email at prospectus@psc.com and
ThinkEquity, a division of Fordham Financial Management, Inc., 17
State Street, 22nd Floor, New York, New
York 10004, by telephone at (877) 436-3673, by email at
prospectus@think-equity.com.
About FG New America Acquisition Corp.
FG New America
Acquisition Corp. is a blank-check company 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. The Company intends to concentrate its
efforts on identifying businesses in the insurance and financial
services industry, with particular emphasis on businesses that are
providing or changing technology for traditional financial services
("FinTech"), insurance ("InsureTech"), or other sectors where
disruptive and/or adaptive technology or other factors are driving
changes in a new era in the American business landscape.
Forward Looking-Statements
This press release contains
statements that constitute "forward-looking statements," including
with respect to the Company's search for an initial business
combination. No assurance can be given as to the consummation of
any business combination or the terms thereof. 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 for the initial public offering filed with the SEC, and
other documents of the Company filed, or to be 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 FG New America Acquisition Corp.