Social Capital Hedosophia Holdings Corp. III (NYSE IPOC WS at https://www.webull.com/quote/nyse-ipoc-ws) (“SCH”, and following the Domestication as clarified below,”Clover Health”) today announced that the impending move of this list of its Class A ordinary shares, par value $0.0001 per share (the”SCH Class A ordinary shares”) and redeemable warrants (the”SCH warrants”) from the New York Stock Exchange (“NYSE”) into the Nasdaq world wide Select Market (“Nasdaq”) linked to its impending business conjunction with Clover Health Investments, Corp. (“Clover”).
Beforehand the consummation of the corporate mix, SCH will Domesticate as a Delaware corporation (the”Domestication”), also about the business combination, SCH will modify its name into”Clover Health Investments, Corp.” Included in this Domestication, (1) every one of the subsequently issued and outstanding SCH Class A ordinary shares, will convert automatically, on the one-for-one foundation, into a discussion of Class A common stock, par value $0.0001 per share, of Clover Health (that the”Clover Health Class A common stock”); (two ) every one of the then issued and outstanding SCH warrants will convert automatically to some redeemable warrant to acquire 1 share of Clover Health Class A common stock (the”Clover Health warrants”); and (3) every one of the then issued and outstanding components of SCH which have never yet been previously separated into the inherent SCH Class A ordinary shares and inherent SCH warrants upon the petition of the holder (the”SCH components”) is likely to soon be canceled and can entitle the holder to a single talk of Clover Health Class A common stock and one-of-a-kind just 1 Clover Health merit.
Trading is expected to start on Nasdaq on January 8, 2021, beneath the brand newest Ticker symbol”CLOV” to your Clover Health Class A common stock and”CLOVW” to your Clover Health warrants. Before Domestication and transport are finished, that the SCH typical stocks, warrants, and components will continue to exchange under the ticker symbols”IPOC”,”NYSE IPOC WS” along with also”IPOC.U”, respectively, on NYSE.
The final day of trading to the NYSE is anticipated to be about January 7, 2021, after consummation of SCH’s pending trade with Clover, which is now anticipated to occur on January 7, 2021, at the mercy of final customer endorsement at SCH’s extraordinary general meeting on January 6, 2021, and satisfaction of other customary closing conditions.
Around Social CapitalHedosophia Holdings Corp. III
Social Capital Hedosophia Holdings Corp. III is a venture involving The investment companies of Social Capital and Hedosophia. Social Capital Hedosophia Holdings Corp. III joins technologists, entrepreneurs, and technology-oriented investors across a common vision of identifying and purchasing advanced and nimble tech businesses. To find out more about Social Capital Hedosophia Holdings Corp. You can check more stocks like nyse hyln ws at https://www.webull.com/quote/nyse-hyln-ws before investing.