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Technology Stocks : Blank Check IPOs (SPACS)

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To: Glenn Petersen who wrote (3241)2/4/2021 3:42:56 PM
From: Lou Weed  Read Replies (2) of 3862
 
Question Glenn......just got this notice from my broker about SBE. This is my first SPAC so I'm wondering is this just standard procedure?? TIA......

Re: Switchback Energy Acquisition Corp Cusip: 87105M102 Issue Type: Redemption Rights Call ETRADE Corporate Actions Team 1800-ETRADE1 8am-6pm EST by cutoff on 02/08/21 to submit your instructions. Participation is voluntary. If you do not wish to participate then no further action is required. Stockholder meeting date: 2/11/2021. SHAREHOLDER DOES NOT NEED TO BE A RECORD HOLDER AND SHOULD DECLARE THEY ARE NOT VOTING IN CONCERT IN NOTICE. The common holders have redemption rights. The approximate price per share redeeming holders will receive for their common stock is $10.09 per share, disclosed in the proxy statement. Your instruction must include a statement that shareholder "is" or ?is not? acting in concert or as a ?group? (as defined in Section13d-3 of the Exchange Act) with any other stockholder with respect to shares of Common Stock on your instruction. OPT 01: Redeem common shares for cash.
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