Thayer Ventures Acquisition Corporation Announces the Separate Trading of its Class A Common Stock and Redeemable Warrants Commencing February 9, 2021

Thayer Ventures Acquisition Corporation (NASDAQ:TVACU) (the "Company") today announced that, commencing today, February 9, 2021, holders of the units sold in the Company's initial public offering of 17,250,000 units which commenced trading on December 11, 2020, may elect to separately trade the shares of Class A common stock and redeemable warrants included in the units. Those units not separated will continue to trade on The Nasdaq Capital Market ("Nasdaq") under the symbol "TVACU," and the shares of Class A common stock and redeemable warrants that are separated will trade on Nasdaq under the symbols "TVAC" and "TVACW," respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. 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 shares of Class A common stock and redeemable warrants.