LightJump Acquisition Corporation (NASDAQ: LJAQU) declared that it has decided to commence the trading of its Class A ordinary stocks and warrants independently. The firm disclosed that the Class A ordinary stocks will commence trading independently on the NASDAQ exchange and will use the ticker “LJAQ” and “LJAQW”.
Those units which have not separated will continue exchange on NASDAQ with the ticker “LJAQU”. The independent trading of Class A common stocks of the firm will begin on March 2, 2021. Furthermore, no fractional warrants will be released upon split of the units and only the entire warrants will trade. Respective Owners of units will need to have their transfer agent, split the units into stocks of Class A common stocks and warrants.
Stocks of LightJump went down 1.43% on Friday. The firm has reported a closing price of $10.33. LightJump’s share moved up 2.48% from its 52-week low and went down -4.35% from its 52-week high. Moreover, the firm disclosed that SEC has affirmed the registration statements regarding the Class A ordinary stocks and warrants.
LightJump Acquisition Corporation is a blank check firm established with the aim to enter into a merger, share exchange, asset & stocks buying, recapitalization & restructuring, or other similar business mergers with one or more firms or entities, which the firm called target business.