SEC Form 8-K Summary
Business Context and Reporting Period
This Form 8-K was filed by Collier Creek Holdings, a Cayman Islands company and emerging growth company, on November 21, 2018. Although the request metadata identifies Utz Brands, Inc., the filing itself identifies Collier Creek Holdings as the registrant. The report concerns the planned separation and trading of securities originally issued as units.
Material Event
- Beginning on or about November 26, 2018, holders of the company’s units may elect to separate each unit into Class A ordinary shares and warrants.
- Separated Class A ordinary shares are expected to trade on the NYSE under the symbol CCH.
- Separated warrants are expected to trade on the NYSE under the symbol CCH WS.
- Units that remain unseparated will continue to trade under the symbol CCH.U.
- No fractional warrants will be issued; only whole warrants will trade.
- Holders must have their brokers contact Continental Stock Transfer & Trust Company, the transfer agent, to effect the separation.
Financial Metrics, Liquidity, and Debt
The filing does not provide revenue, profit, cash flow, margins, debt, liquidity, operating results, or other financial metrics.
Guidance, Outlook, Risks, and Unusual Items
The filing does not provide financial guidance or management outlook. The principal operational consideration is the process for separating units and the restriction against issuing or trading fractional warrants.
Important Facts to Verify
- Confirm that the relevant issuer is Collier Creek Holdings rather than Utz Brands, Inc.
- Verify the commencement date for separate trading, stated as on or about November 26, 2018.
- Confirm the applicable NYSE symbols: CCH, CCH WS, and CCH.U.
- Confirm broker and transfer-agent procedures for separating units.
- Review Exhibit 99.1, the November 21, 2018 press release, for additional terms.