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Class Acceleration Corp. announces separate trading of its Class A common shares and warrants effective March 8, 2021 NYSE: CLAS.U

 


NEW YORK, NY, March 5, 2021 (GLOBE NEWSWIRE) – Class Acceleration Corp. (NYSE: CLAS.U) (on Business) announced that, effective March 8, 2021, holders of units sold as part of the Company’s initial public offering may elect to trade separately the Company’s Class A common shares and the warrants included in the shares. The Class A Common Shares and the Separate Warrants will trade on the New York Stock Exchange (the “NYSE”) under the symbols CLAS and CLAS WS, respectively. Non-segregated units will continue to trade on the NYSE under the symbol CLAS.U. Unitholders should instruct their brokers to contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the Units into Class A common shares and warrants.

A registration statement relating to the securities entered into force on January 14, 2021. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor any sale of such securities. in any state or jurisdiction in which such offering, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Class Acceleration Corp.

The Company is a blank check company incorporated for the purpose of effecting a merger, a capital stock exchange, an acquisition of assets, a purchase of shares, a reorganization or a similar business combination with one or more companies. . While the Company may pursue an initial goal of business combination in any business or industry, it intends to focus its research on companies in the education technology sector. The company is led by the co-executive chairmen, Joseph E. Parsons and Robert C. Daugherty, and by the chief executive officer, Michael T. Moe.

Forward-looking statements

This press release may include, and oral statements made from time to time by representatives of the Company may include, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and their financing, and related matters, and all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as anticipate, believe, continue, could, estimate, expect, intend, may, could, plan, possible, potential, predict, project, should, would like and similar expressions, to the extent that they relate to us or our management team, identify forward-looking statements. These forward-looking statements are based on the beliefs of management, as well as on the assumptions made by the management of the company and on information currently available. Actual results could differ materially from those contemplated by forward-looking statements due to certain factors detailed in documents filed by the Company with the Securities and Exchange Commission (SECOND). All subsequent written or oral forward-looking statements attributable to us or to persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set out in the Risk Factors section of the Company’s registration statement and prospectus for the initial public offering of the Company. the company filed with the SEC. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company contact:
Caroline moe
Vice President of Communication and Strategy, GSV
[email protected]

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