Item 8.01. Other Events.
The Board of Directors (the "Board") of
As such, in accordance with the Company's Articles, the Company will:
· cease all operations as of
the Company's business;
· as promptly as reasonably possible, redeem the Public Shares, at a per-share
price, payable in cash, equal to the aggregate amount then on deposit in the Company's trust account (the "Trust Account"), including interest earned on the funds held in the Trust Account and not previously released to the Company to pay the Company's income taxes, if any (less$100,000 of interest to pay dissolution expenses), divided by the number of the then-outstanding Public Shares, which redemption will completely extinguish public shareholders' rights as shareholders of the Company (including the right to receive further liquidation distributions, if any); and
· as promptly as reasonably possible following such redemption, subject to the
approval of the Company's remaining shareholders and the Company's board of directors, liquidate and dissolve, subject to the Company's obligations underCayman Islands law to provide for claims of creditors and the requirements of other applicable law.
The per-share redemption price for the public shares will be approximately
As of the close of business on
The Redemption Amount will be payable to the holders of the Public Shares upon
presentation of their respective stock or unit certificates or other delivery of
their shares or units to the Company's transfer agent,
The Company's sponsor has waived its redemption rights with respect to the
outstanding Class A ordinary shares, held by the sponsor, and the Class B
ordinary shares. After
The Company expects that Nasdaq will file a Form 25 with the
Forward-Looking Statements
This Current Report on Form 8-K includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. When used in
this Current Report on Form 8-K, the words "could," "should," "will," "may,"
"believe," "anticipate," "intend," "estimate," "expect," "project," the negative
of such terms and other similar expressions are intended to identify
forward-looking statements, although not all forward-looking statements contain
such identifying words. Such forward-looking statements are based on current
information and expectations, forecasts and assumptions, and involve a number of
judgments, risks and uncertainties. Accordingly, forward-looking statements
should not be relied upon as representing the Company's views as of any
subsequent date, and the Company does not undertake any obligation to update
forward-looking statements to reflect events or circumstances after the date
they were made, whether as a result of new information, future events or
otherwise, except as may be required under applicable securities laws. You
should not place undue reliance on these forward-looking statements. As a result
of a number of known and unknown risks and uncertainties, actual results or
performance may be materially different from those expressed or implied by these
forward-looking statements. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company, including those
set forth in the "Risk Factors" in the Company's registration statement on
Form S-1 (Registration No. 333-251551), as amended, initially filed with the
Commission on
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