G Squared Ascend II Plans Redeem Public Shares; To Cease All Operations As Of June 16, 2023, Except For Purpose Of Winding Up
Portfolio Pulse from Benzinga Newsdesk
G Squared Ascend II (GSQB) plans to redeem public shares and cease all operations as of June 16, 2023, due to not consummating an initial business combination. The last trading day will be June 16, 2023, and the NYSE will file a Form 25 to delist its securities.
June 12, 2023 | 8:45 pm
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G Squared Ascend II will cease operations on June 16, 2023, and redeem public shares, as it fails to complete an initial business combination. This will lead to the delisting of its securities.
G Squared Ascend II's failure to complete an initial business combination will result in the redemption of public shares and the cessation of operations. This will negatively impact the stock price as it will be delisted from the NYSE.
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RELEVANCE 100