Colonnade Acquisition II Class A ordinary shares and warrants may be traded separately starting April 30, the SPAC said.
Any units not separated will continue to trade on the NYSE under CLAA.U. Separated shares and warrants will trade under CLAA and CLAA WS, respectively.
The SPAC raised $330 million in an IPO last month to target companies with “favorable growth prospects.” Colonnade II is led by Chairman Joseph Sambuco, who is also chairman and CEO of Colonnade Properties, which he founded along with Prudential Financial in 2000.
