NEW YORK, NY, January 13, 2021 (GLOBE NEWSWIRE) – Cascade Acquisition Corp. (The “Company“Or”CAS“) Announced that, as of January 15, 2021, holders of units sold in the Company’s initial public offering may choose to trade separately Class A common shares of the Company (“Class A Common Action”) And guarantees included in the units. No fractional guarantees will be issued after the separation of the units and only whole guarantees will be commercialized. Class A common shares and separate warrants will be traded on the New York Stock Exchange under the symbols “CAS” and “CAS.WS”, respectively. These unbundled units will continue to be traded on the New York Stock Exchange under the symbol “CAS.U.”
The units were initially offered by the Company in a subscribed offer. Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC acted as joint managers for the offering. Keefe, Bruyette & Woods, Inc. served as the lead manager for the offering.
The public offer was made only through a prospectus, copies of which can be obtained from Credit Suisse Securities (USA) LLC by mail: Attention: Prospectus Department, 6933 Louis Stephens Drive, Morrisville, North Carolina 27560, by phone: 1- 800 -221-1037, by email: firstname.lastname@example.org or Morgan Stanley & Co. LLC by mail: Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014.
This press release must not constitute an offer to sell or the solicitation of an offer to purchase securities of the Company, nor should there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any state or jurisdiction.
About Cascade Acquisition Corp.
Cascade Acquisition Corp. is a blank check company formed for the purpose of merging, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies. Although the company can pursue goals in any sector, it intends to focus its research on the financial services sector.
This press release may include, and oral statements made from time to time by CAS representatives may include, “forward-looking statements” in the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Law 1934, as amended. Statements about possible business combinations and their financing, and related matters, as well as all statements other than statements of historical facts included in this press release are forward-looking statements. When used in this press release, words like “anticipate”, “believe”, “continue”, “could”, “estimate”, “wait”, “intend”, “can”, “can”, “plan” “Possible , ”“ Potential ”,“ predict ”,“ project ”,“ should ”,“ would ”and similar expressions, as they relate to the company or its management team, identify forward-looking statements. These forward-looking statements are based on management’s beliefs, as well as the assumptions made and information currently available to the Company’s management. Actual results may differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s files with the Securities and Exchange Commission (“SEC”). All subsequent forward-looking statements, written or oral, attributable to the Company or persons acting on its behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to a number of conditions, many of which are beyond the Company’s control, including those set out in the Risk Factors section of the Company’s registration statement and the prospectus for the Company’s initial public offering 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.
Jay Levine, CEO
Cascade Acquisition Corp.
1900 Sunset Harbor Dr.
Miami Beach, Florida 33139