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Empowerment & Inclusion Capital I Corp. has announced that holders of its IPO units may begin separate trading of Class A common stock and warrants starting March 1, 2021. The units, totaling 27,600,000 offered on January 12, 2021, will continue trading under the symbol 'EPWR.U'. Class A shares will trade under 'EPWR' and warrants under 'EPWR.WS'. The Company aims to acquire diverse-led businesses focused on promoting inclusivity. This announcement follows the effectiveness of registration statements on January 7, 2021.
Empowerment & Inclusion Capital I Corp. has initiated its IPO, offering 20,000,000 units at $10.00 each. Each unit comprises one share of Class A common stock and one-half of a redeemable warrant, with whole warrants allowing purchase at $11.50. The Company plans to list the units on NYSE under the symbol 'EPWR.U'. Underwriters have a 45-day option for an additional 3,000,000 units. The firm aims to acquire businesses that promote inclusivity. The registration statement is pending effectiveness, and the offering is contingent on various conditions.
