News Formal

North Atlantic SPAC to dissolve after inability to find merger partner within 2-year deadline

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

North Atlantic Acquisition Corp. a special purpose acquisition company (SPAC), or blank-check company, said Wednesday that it will dissolve and liquidate,...

North Atlantic Acquisition Corp.

a special purpose acquisition company , or blank-check company, said Wednesday that it will dissolve and liquidate, after failing to find a merger partner within the two-year deadline. The SPAC, with a market capitalization of $480.5 million at Tuesday’s stock closing price of $10.13, said it will redeem all of the outstanding shares included in the initial public offering filed in January 2021, at a per-share redemption price of $10.13.

a special purpose acquisition company , or blank-check company, said Wednesday that it will dissolve and liquidate, after failing to find a merger partner within the two-year deadline. The SPAC, with a market capitalization of $480.5 million at Tuesday’s stock closing price of $10.13, said it will redeem all of the outstanding shares included in the initial public offering filed in January 2021, at a per-share redemption price of $10.13.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bridger Aerospace stock set to double on first day after SPAC merger completedShares of Bridger Aerospace Group Holdings Inc. were set to double on the first day of trading under the new name, following the completion of aerial...
Source: MarketWatch - 🏆 3. / 97 Read more »

SRAM Could Be About To Enter E-Bike Market With Amprio AcquisitionU.S.-based cycling component giant SRAM has recently acquired Amprio, a German e-bike systems manufacturer.
Source: InsideEVs - 🏆 579. / 51 Read more »

Lakers' acquisition of Rui Hachimura could limit free-agent flexibilityThe Los Angeles Lakers are trading Kendrick Nunn and three second-round picks to the Washington Wizards for forward Rui Hachimura, league sources confirmed to Yahoo Sports, in a deal that will certainly bolster the Lakers now, but also limit the franchise's flexibility later, particularly any starry ideas for this upcoming free agency.
Source: WOKVNews - 🏆 247. / 63 Read more »

ScionHealth completes acquisition of Cornerstone Healthcare Group - Dallas Business JournalThe acquisition of Cornerstone Healthcare Group adds about 3,000 employees to ScionHealth's 28-state network.
Source: DallasBizNews - 🏆 525. / 51 Read more »