JAWS Hurricane Acquisition Corporation Announces Approximate Redemption Amount For Public Shares Expected To Be $10.25/Share
Portfolio Pulse from Happy Mohamed
JAWS Hurricane Acquisition Corporation (NASDAQ:HCNE) announced its board of directors has determined to redeem all outstanding shares of Class A common stock at approximately $10.25 per share. The last day of trading is expected to be June 15, 2023, and the shares will be deemed cancelled on June 23, 2023.
June 20, 2023 | 8:20 pm
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JAWS Hurricane Acquisition Corporation (HCNE) will redeem all outstanding Class A common stock at approximately $10.25 per share, with the last trading day expected on June 15, 2023.
The announcement of the redemption of all outstanding Class A common stock at approximately $10.25 per share will have a negative short-term impact on HCNE's stock price. The last trading day is expected to be June 15, 2023, after which the shares will be deemed cancelled, leading to a decrease in the stock's value.
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