GlobeNewswire Inc | Sep 11, 2020 08:30AM EDT

September 11, 2020

NEW YORK, Sept. 11, 2020 (GLOBE NEWSWIRE) -- Ascendant Digital Acquisition Corp. (NYSE: ACND.U) (the Company) today announced that, commencing September 14, 2020, holders of the units sold in the Companys initial public offering may elect to separately trade the Companys Class A ordinary shares and warrants included in the units.

No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The Class A ordinary shares and warrants that are separated will trade on the New York Stock Exchange under the symbols ACND and ACND WS, respectively. Those units not separated will continue to trade on the New York Stock Exchange under the symbol ACND.U. Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Companys transfer agent, in order to separate the units into Class A ordinary shares and warrants.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the SEC) on July 23, 2020. 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 offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from UBS Investment Bank, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, telephone: (888) 827-7275 or email: ol-prospectusrequest@ubs.com.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute forward-looking statements, including with respect to the Companys search for an initial business combination. 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 Companys registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SECs 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.

Contact

Cody SlachGateway Investor Relations(949) 574-3860ACND@gatewayir.com