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August 2017 August 7, 2017

Pensare Acquisition Corp. Common Stock, Warrants and Rights to Commence Trading Separately on August 8, 2017

NEW YORK, Aug. 07, 2017 (GLOBE NEWSWIRE) -- Pensare Acquisition Corp. (NASDAQ:WRLSU) (the "Company") today announced that the holders of the Company's units may elect to separately trade the common stock, warrants and rights underlying the units commencing on August 8, 2017. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units that are not separated will continue to trade on the NASDAQ Capital Market under the symbol "WRLSU" and the common stock, warrants and rights are expected to trade under the symbols "WRLS," "WRLSW" and "WRLSR," respectively.

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Pensare Acquisition Corp. Announces Closing of Initial Public Offering and Full Exercise of Over-Allotment Option; Raises $310.5 Million

NEW YORK, Aug. 02, 2017 (GLOBE NEWSWIRE) -- Pensare Acquisition Corp. (NASDAQ:WRLSU) (the "Company" or "Pensare") today announced the closing on August 1, 2017, of its initial public offering of 27,000,000 units at $10.00 per unit. Pensare also announced that the underwriters exercised in full their option to purchase an additional 4,050,000 units to cover over-allotments. After giving effect to the full exercise of the over-allotment option, the total number of units sold by Pensare in the initial public offering increased to 31,050,000 and the total gross proceeds increased to $310.5 million. The exercise of the over-allotment option is expected to close on August 4, 2017, subject to customary closing conditions.

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