East Resources Acquisition Company Announces Stockholder Meeting Date Of June 29, 2023 To Approve Proposed Business Combination
Portfolio Pulse from Benzinga Newsdesk
East Resources Acquisition Company (ERES) has announced a stockholder meeting on June 29, 2023, to approve the proposed business combination with Longevity Market Assets and Abacus Settlements. Upon closing, the combined company will be named Abacus Life, Inc. and listed on NASDAQ under the ticker symbol ABL.
June 14, 2023 | 8:10 pm
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ERES stockholders will vote on the proposed business combination with Longevity Market Assets and Abacus Settlements on June 29, 2023. If approved, the combined company will be named Abacus Life, Inc. and listed on NASDAQ as ABL.
The announcement of the stockholder meeting to approve the proposed business combination is an important step in the merger process. However, the short-term impact on ERES stock price is uncertain as the outcome of the vote and the completion of the merger are still pending. The long-term impact will depend on the success of the combined company.
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