Distoken Acquisition announced today that, starting Thursday, its units will no longer trade and the shares, rights and warrants comprising the units will trade separately.
Shares, rights and warrants will trade on the nasdaq under the symbols DIST, DISTR DISTW, respectively. This is a mandatory and automatic separation, the SPAC said.
Distoken last month raised $60 million in an IPO. The Asia-focused SPAC initially registered the offering with the sec in September 2020, which at the time was expected to include 4 million units. Read more.