Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ:ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, announced that its common stock and warrants will begin trading on Nasdaq today, July 5, 2023, under the symbols “ABL” and “ABLLW”, respectively. Abacus’s listing follows the previously announced completion of its business combination with East Resources Acquisition Company (“ERES”).
Abacus’s management team will participate in an opening bell ceremony at Nasdaq on July 13, 2023 at 9:30 am ET to celebrate the public listing.
“We are excited to celebrate this important milestone for Abacus here at Nasdaq,” said Jay Jackson, Chief Executive Officer of Abacus. “Our transaction with ERES gives Abacus the opportunity to capitalize on exciting growth opportunities in the life settlement industry. I would like to thank the entire Abacus team, as well as our partners at ERES, for their support and dedication throughout this process. We are very excited to begin our next chapter as a public company and will continue to expand our platform and penetration in growing the potential $200 billion annual life settlement market.”
Abacus will continue to be led by Chief Executive Officer Jay Jackson alongside the company’s senior management team.
“We are very happy to be joining Jay and the Abacus team as they transform into a public company. Abacus has a very impressive growth story and track record of steady financial performance and we look forward to supporting the Company through this next phase of growth in scaling the business and ultimately raising awareness about this alternative asset class,” added Terrence M. Pegula, Chairman, CEO and President of ERES.
