Corporate ActionMay 22, 2026, 04:37 PM
Apogee Acquisition Corp Units to Trade Separately from May 28
AI Summary
Apogee Acquisition Corp announced that holders of its units may elect to separately trade the Class A ordinary shares, warrants, and rights included in the units, commencing May 28, 2026. Each unit consists of one Class A ordinary share, one redeemable warrant (exercisable at $11.50 per share), and one right (entitling the holder to one-fifth of one Class A ordinary share upon business combination). Unseparated units will continue to trade under "AACPU", while separated shares, warrants, and rights will trade under "AACP", "AACPW", and "AACPR" respectively on the Nasdaq Global Market.
Key Highlights
- Separate trading of Apogee Acquisition Corp's Class A ordinary shares, warrants, and rights will commence on May 28, 2026.
- Units not separated will continue to trade on Nasdaq under the symbol "AACPU".
- Separated Class A ordinary shares will trade under "AACP", warrants under "AACPW", and rights under "AACPR" on Nasdaq.
- Each unit consists of one Class A ordinary share, one redeemable warrant, and one right.
- Warrants entitle holders to purchase one Class A ordinary share at an exercise price of $11.50 per share.
- Rights entitle holders to receive one-fifth of one Class A ordinary share upon completion of an initial business combination.
- Holders of units need to contact Efficiency INC., the Company's transfer agent, to separate their units.
Price Impact
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