KKR Acquisition Holdings I Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Redeemable Warrants Commencing May 7, 2021
NEW YORK–(BUSINESS WIRE)–May 6, 2021–
KKR Acquisition Holdings I Corp. (NYSE: KAHC.U) (the “Company”) announced that, commencing May 7, 2021, holders of the units sold in the Company’s initial public offering of 138,000,000 units, may elect to separately trade the shares of Class A common stock and redeemable warrants included in the units. Those units not separated will continue to trade on the New York Stock Exchange (the “NYSE”) under the symbol “KAHC.U,” and the shares of Class A common stock and redeemable warrants that are separated will trade on the NYSE under the symbols “KAHC” and “KAHC WS,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and redeemable warrants.
The Company was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Although the Company’s efforts to identify a prospective business combination opportunity will not be limited to a particular industry or geographic region, the Company’s acquisition and value creation strategy is to identify, acquire and build a company in the consumer or retail industries. The Company seeks to capitalize on the relationships, knowledge and experiences of its Chief Executive Officer and Executive Chairman, Glenn Murphy, and the KKR platform.
The units were initially offered by the Company in an underwritten offering. Citigroup Global Markets Inc. acted as sole book-running manager of the offering. Academy Securities, Inc., AmeriVet Securities, Blaylock Van, LLC, Cabrera Capital Markets LLC, CastleOak Securities, L.P., C.L. King & Associates, Inc., Guzman & Company, Loop Capital Markets LLC, Samuel A. Ramirez & Company, Inc., Roberts & Ryan Investments, Inc., Siebert Williams Shank & Co., LLC and Telsey Advisory Group LLC acted as co-managers. A registration statement relating to the securities, as well as a related registration statement on Form S-1MEF filed with the Securities and Exchange Commission (the “SEC”) pursuant to Rule 462(b) under the Securities Act of 1933, as amended, became effective on March 16, 2021.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering was made only by means of a prospectus, copies of which may be obtained for free from the SEC website at www.sec.gov or by contacting Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: (800) 831-9146.
CONTACT: KKR Acquisition Holdings I Corp.
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