Avalon Acquisition Inc. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing December 3, 2021

SAN FRANCISCO, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Avalon Acquisition Inc. (NASDAQ GM: AVACU) (the “Company”) announced today that, commencing December 3, 2021, holders of the units sold in the Company's initial public offering may elect to separately trade shares of the Company's Class A common stock and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The shares of Class A common stock and warrants that are separated will trade on the Nasdaq Global Market under the symbols "AVAC" and "AVACW," respectively. Those units not separated will continue to trade on the Nasdaq Global Market under the symbol "AVACU." 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 Class A ordinary shares and warrants.

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