Starboard Value Acquisition Corp. (NASDAQ: SVACU) announced that shareholders in the company’s IPO may elect to separately trade shares of Class A common stock included in the units (with the right to receive any distributable redeemable warrants remaining attached to such shares of Class A common stock) and the detachable redeemable warrants included in the units. The separate units begin trading Nov. 2. Those units not separated will continue to trade on the Nasdaq Stock Market under the symbol “SVACU,” and shares of Class A common stock and detachable redeemable warrants that are separated will trade on the Nasdaq under the symbols “SVAC” and “SVACW,” respectively. No fractional warrants will be issued upon separation and only whole warrants will trade. Read more.
Starboard Value Acquisition Corp. Announces Separate Trading of Class A Stock and Detachable Redeemable Warrants
