Full Press Release Details
Mana Capital Acquisition Corp. Announces
the Separate Trading
of its Common Stock, Warrants and Rights, Commencing
Dover, DE - January 12, 2022 - Mana
Capital Acquisition Corp. (Nasdaq: MAAQU) ("Mana" or the "Company"), today announced that, commencing January
14, 2022, holders of the 6,500,000 units sold in the Company's initial public offering may elect to separately trade the Company's
common stock, warrants, and rights included in the units. Each unit consists of one share of common stock, one-half of one redeemable
warrant, and one right to receive one-seventh (1/7) of one share at the closing of a business combination.
The shares of common stock, warrants and rights that
are separated will trade on The Nasdaq Global Market ("Nasdaq") under the symbols "MAAQ", "MAAQW"
and "MAAQR," respectively. Those units not separated will continue to trade on Nasdaq under the symbol "MAAQU."
Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer
agent, in order to separate the units into shares of common stock, warrants and rights.
Mana is a newly incorporated
blank check company formed for the purpose of engaging in a merger, stock exchange, asset acquisition, stock purchase, recapitalization,
reorganization or other similar business combination with one or more businesses or entities. Its efforts to identify a prospective target
business will not be limited to a particular industry or geographic region, although it intends to focus its search on target businesses
operating in North America, Europe and Asia in the healthcare, technology, green economy, and consumer products sectors.
initially offered by the Company in an underwritten offering. Ladenburg, Thalmann & Co., Inc. acted as the sole book-running manager
for the offering and I-Bankers Securities, Inc. acted as co-manager. A registration statement relating to the units and the
underlying securities was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on November 22, 2021.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
"forward-looking statements," including with respect to the Company's search for an initial business combination. No
assurance can be given as to the consummation of any business combination or the terms thereof. Forward-looking statements are subject
to numerous conditions, 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 initial public offering filed with the SEC. Copies are available on
the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after
the date of this release, except as required by law.
Mana Capital Acquisition Corp.
Jonathan Intrater, CEO