JAWS Juggernaut Acquisition Corporation Announces Redemption Of Class A Ordinary Shares; Per-share Redemption Price For The Public Shares Will Be ~$10.33
Portfolio Pulse from Happy Mohamed
JAWS Juggernaut Acquisition Corporation (NASDAQ: JUGG) has decided not to extend its corporate existence and will redeem all outstanding Class A ordinary shares at a per-share price of approximately $10.33. The company will cease all operations except for winding up and will be delisted from The Nasdaq Stock Market.
June 08, 2023 | 8:23 pm
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JUGG will redeem all outstanding Class A shares at ~$10.33 per share, cease operations, and delist from Nasdaq.
JUGG's decision to not extend its corporate existence and redeem all outstanding Class A shares will result in the company ceasing operations and being delisted from Nasdaq. This will negatively impact the stock price in the short term as the company winds up its business.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100