Spartan Acquisition III shares and warrants may trade separately starting today, the SPAC said in an 8-K filing.
Shares of Class A common stock and warrants that are separated will trade on the NYSE under SPAQ and SPAQ.WS, respectively. Those units not separated will continue to trade on the NYSE under the symbol “SPAQ.U.”
The SPAC raised $480 million in an upsized IPO in February to acquire a business in the energy value chain.
The SPAC’s sponsor is owned by a private investment fund managed by an affiliate of Apollo Global Management. Read more.
