Item 8.01. Other Events.
On January 25, 2021, Capitol Investment Corp. V (the "Company," "us" or "our")
announced that the holders of the Company's units sold in the Company's initial
public offering (the "Units") may elect to separately trade the shares of Class
A common stock, par value $0.0001 per share ("Class A Common Stock"), and
redeemable warrants included in the Units commencing on January 22, 2021. Each
Unit consists of one share of Class A Common Stock and one-third of one
redeemable warrant to purchase one share of Class A Common Stock. Any Units not
separated will continue to trade on the New York Stock Exchange (the "NYSE")
under the symbol "CAP.U." Any underlying shares of Class A Common Stock and
redeemable warrants that are separated will trade on the NYSE under the symbols
"CAP" and "CAP WS," respectively. No fractional warrants will be issued upon
separation of the Units, and only whole warrants will trade. Holders of Units
will need to have their brokers contact Continental Stock Transfer & Trust
Company, the Company's transfer agent, in order to separate such holders' Units
into shares of Class A Common Stock and redeemable warrants.
A copy of the press release issued by the Company announcing the separate
trading of the securities underlying the Units is attached hereto as Exhibit
99.1.
This report includes forward-looking statements. Forward-looking statements are
statements that are not historical facts. Such forward-looking statements are
subject to risks and uncertainties, many of which are beyond the control of the
Company, including those set forth in the "Risk Factors" section of the
Company's registration statement and prospectus for the offering filed with the
Securities and Exchange Commission, any of which could cause actual results to
differ from such forward-looking statements. The Company expressly disclaims any
obligations or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in the
Company's expectations with respect thereto or any change in events, conditions
or circumstances on which any statement is based, except as required by law.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description of Exhibits
99.1 Press Release, dated as of January 25, 2021
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