NEW YORK, NY, March 03, 2022 (GLOBE NEWSWIRE) — Consilium Acquisition Corp I, Ltd. (Nasdaq: CSLMU) (the “Company”) announced today that effective March 7, 2022, holders of units sold in the Company’s initial public offering of 18,975,000 units may elect to trade separately the Class A common shares, rights and redeemable warrants included in the units. These unseparated units will continue to trade on the Nasdaq Global Market (“Nasdaq”) under the symbol “CSLMU”, and the Class A common stock, rights and redeemable warrants that are separated will trade on the Nasdaq under the symbols “CSLM”, “CSLMR” and “CSLMW”, respectively. No Fractional Warrants will be issued upon separation of Units and only whole Warrants will be traded. Unitholders should instruct their brokers to contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, to separate the units into Class A common stock, rights and redeemable warrants.
The Company is a blank check corporation formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more companies. The Company intends to focus its search for a target company in global consumer-driven industries, including companies that participate in the lifestyle, technology, health and wellness sectors.
The Units were originally offered by the Company on a bought deal basis. BTIG, LLC (“BTIG”) acted as sole bookrunner. I-Bankers Securities, Inc. acted as co-manager of the offering.
The offering has been made solely by means of a prospectus, copies of which may be obtained free of charge from the website of the United States Securities and Exchange Commission (the “SEC”) at www.sec.gov or by contacting BTIG, LLC, 65 East 55th Street, New York, NY 10022, or by email at [email protected]
The securities registration statement is effective as of January 12, 2022. This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of these securities. in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, insofar as they relate to us or our management team, identify forward-looking statements. These forward-looking statements are based on the beliefs of management, as well as assumptions made by the management of the Company and information currently available to them. Actual results could differ materially from those contemplated by the forward-looking statements due to certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the Company’s control, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the IPO of the Company filed with the SEC. Copies of these filings are available on the SEC’s website, www.sec.gov. The Company assumes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.