Vector Acquisition Corporation (NASDAQ:VACQU) (the “Company”) announced that, commencing November 16, 2020, holders of the units sold in the Company’s initial public offering of 30,000,000 units, completed on September 29, 2020, may elect to separately trade the Class A ordinary shares and warrants included in the units. Any units not separated will continue to trade on the Nasdaq Capital Market (the “NASDAQ”) under the symbol “VACQU,” and the separated Class A ordinary shares and warrants are expected to trade on the NASDAQ under the symbols “VACQ” and “VACQW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Unitholders 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. Deutsche Bank Securities Inc. and BofA Securities, Inc. acted as joint book-running managers of 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 September 24, 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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.