About North Atlantic Acquisition Corporation
North Atlantic Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. North Atlantic Acquisition Corporation was founded in 2020 and is based in New York, New York. Address: 1345 Avenue of the Americas, New York, NY, United States, 10105
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North Atlantic Acquisition Corp. (the "Company") announced today that, commencing March 15, 2021, holders of the 37,950,000 units sold in the Company's initial public offering may elect to separately trade the Company's Class A ordinary shares and warrants included in the units. Class A ordinary shares and warrants that are separated will trade on the Nasdaq Stock Market LLC under the symbols "NAAC" and "NAACW," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on the Nasdaq Stock Market LLC under the symbol "NAACU." 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 Class A ordinary shares and warrants.
North Atlantic Acquisition Corporation ("NAAC" or "the Company"), today closed its initial public offering of 37,950,000 units at a price of $10.00 per unit. This closing included the upsizing of the transaction, as well as the full exercise of the underwriters' over-allotment option. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $379,500,000 (or $10.00 per unit sold in the public offering) was placed in the Company's trust account.
North Atlantic Acquisition Corporation ("NAAC" or "the Company"), announced today the pricing of its initial public offering of 33,000,000 units at a price of $10.00 per unit. The units will be listed on The Nasdaq Capital Market (the "Nasdaq") and trade under the ticker symbol "NAACU" beginning on January 22, 2021. Each unit consists of one Class A ordinary share and one-third of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols "NAAC" and "NAACW," respectively. The offering is expected to close on January 26, 2021.