99 Acquisition Group Inc. Announces the Separate Trading of its Share of Class A Common Stock, Warrants and Rights
GAITHERSBURG, MD, Oct. 09, 2023 (GLOBE NEWSWIRE) — 99 Acquisition Group Inc. (Nasdaq: “NNAGU”) (the “Company”) announced today that commencing October 9, 2023, holders of the units sold in the Company’s initial public offering of 7,500,000 units (the “Units”) may elect to separately trade the shares of Class A common stock, warrants and rights included in the Units. Those Units not separated will continue to trade on the Nasdaq Global Market (the “Nasdaq”) under the symbol “ NNAGU “. The Class A common stock, warrants and rights that are separated will trade on the Nasdaq under the symbols “NNAG”, “NNAGW” and “NNAGR,” respectively. Each unit consists of one share of Class A common stock, one redeemable warrant and one right to receive one-fifth (1/5) of a share of Class A common stock upon the consummation of an initial business combination. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Holders of the 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, warrants and rights.