Good Works II Acquisition units will no longer trade beginning Aug. 23, while the stock and redeemable warrants in the units will begin trading separately. Stock and warrants will list on the Nasdaq under GWII and GWIIW.
The SPAC in a press release said this move is a mandatory and automatic separation, and no action is required by investors.
Each unit consists of one share of common stock and one-half of one redeemable warrant, with each whole warrant exercisable at $11.50.
The SPAC raised $200 million in a July IPO to target high-growth companies that need significant capital because of disruptions related to COVID-19 or other high-quality businesses experiencing high-growth. Read more.
