Stratim Cloud Acquisition Corp - Unit

Stratim Cloud Acquisition Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on July 29, 2020 and is headquartered in Reno, NV.

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Stratim Cloud Acquisition Corp. is a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded by Sreekanth Ravi and Zachary Abrams on July 29, 2020 and is headquartered in Reno, NV.

Incline Village, Nevada, May 28, 2021 (GLOBE NEWSWIRE) -- On April 12, 2021, the Acting Director of the Division of Corporation Finance and Acting Chief Accountant of the U.S. Securities and Exchange Commission (the “SEC”) together issued a statement regarding the accounting and reporting considerations for warrants issued by special purpose acquisition companies entitled “Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Purpose Acquisition Companies (‘SPACs')” (the “SEC Staff Statement”). As previously disclosed, given the scope of the process for determining the appropriate accounting treatment of its outstanding warrants in accordance with the SEC Staff Statement and Accounting Standards Codification (“ASC”) 815-40, Derivatives and Hedging: Contracts in an Entities Own Equity, Stratim Cloud Acquisition Corp. (the "Company") was unable to complete and file its Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2021 (the “Form 10-Q”) by the required due date without unreasonable effort and expense.

Stratim Cloud Acquisition Corp. Receives Expected Notice from Nasdaq Regarding Delayed Filing of Quarterly Report

INCLINE VILLAGE, NV, April 30, 2021 (GLOBE NEWSWIRE) -- Stratim Cloud Acquisition Corp. (Nasdaq: SCAQU) (the “Company,” “us” or “our”) today announced that, commencing May 3, 2021, holders of the units sold in the Company's initial public offering of 25,000,000 units completed on March 16, 2021, may elect to separately trade the shares of Class A common stock and redeemable warrants included in the units. Those units not separated will continue to trade on The Nasdaq Capital Market (“Nasdaq”) under the symbol “SCAQU”, and the shares of Class A common stock and redeemable warrants that are separated will trade on the Nasdaq under the symbols “SCAQ” and “SCAQW”, 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 the units into shares of Class A common stock and redeemable warrants.

Stratim Cloud Acquisition Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Redeemable Warrants Commencing May 3, 2021

News for Stratim Cloud Acquisition Corp - Unit Stock (SCAQU)