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Star Peak Corp II (NYSE: STPC.U) announced that starting February 26, 2021, investors can separately trade shares of Class A common stock and warrants from its initial public offering (IPO) of 40,250,000 units completed on January 8, 2021. The units will continue to trade under the symbol STPC.U, while the separated shares and warrants will trade under the symbols STPC and STPC WS, respectively. Investors must contact the Company's transfer agent to facilitate the separation.
Star Peak Corp II announced the pricing of its initial public offering (IPO) for 35,000,000 units at $10.00 each. Trading on the New York Stock Exchange under the ticker STPC.U will commence on January 6, 2021. Each unit includes one share of Class A common stock and one-fourth of a warrant, allowing purchase of one share at $11.50. The offering closes on January 8, 2021, with underwriters having an option for 5,250,000 additional units. The registration statement became effective on January 5, 2021.