Tiburon, CA, Aug. 13, 2025 (GLOBE NEWSWIRE) -- FIGX Capital Acquisition Corp. (Nasdaq: FIGXU) (the “Company”) announced today that, commencing August 18, 2025, holders of the units sold in the Company’s initial public offering may elect to separately trade the Company’s Class A ordinary shares and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the Nasdaq Global Market under the symbols “FIGX” and “FIGXW,” respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol “FIGXU.”
Related Questions
How will the separate trading of Class A shares and warrants affect the liquidity and price discovery of FIGXU units?
What is the expected market price differential between the newly listed FIGX shares and the existing FIGXU units?
Will the separation create arbitrage opportunities between the Class A shares, warrants, and the combined units?
How will the lack of fractional warrants issuance impact the supply and demand dynamics for the warrants?
What are the exercise terms, expiration dates, and strike prices of the warrants now trading under FIGXW?
How might the separation impact the overall float and float percentage of FIGX Capital Acquisition Corp.?
Will the separate trading trigger any changes in the company's capital structure or trigger any redemption/redemption rights for existing shareholders?
What potential tax implications could arise for investors holding the units when they elect to separate the shares and warrants?
How might the separation influence analyst coverage, institutional interest, and future financing activities for FIGX?
How does this separation compare to similar actions taken by other SPACs or listed companies, and what were the market reactions in those cases?