Ahren Acquisition Corp. Announces Redemption Of Shares; Per-Share Redemption Price For The Public Shares Of ~$10.49
Portfolio Pulse from Happy Mohamed
Ahren Acquisition Corp. (AHRN) announced its board of directors has decided to redeem all outstanding Class A ordinary shares at a per-share redemption price of $10.49, effective June 19, 2023, as the company will not complete an initial business combination within the required time. The last trading day for Class A Shares will be June 16, 2023.
June 07, 2023 | 8:31 pm
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Ahren Acquisition Corp. (AHRN) will redeem all outstanding Class A shares at $10.49 per share, as it will not complete an initial business combination. The last trading day for Class A Shares will be June 16, 2023.
The announcement of the redemption of all outstanding Class A shares at $10.49 per share and the failure to complete an initial business combination will have a negative short-term impact on AHRN's stock price. The last trading day for Class A Shares will be June 16, 2023, after which the shares will be suspended from trading and deemed cancelled.
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