Heartland Media Acquisition Corp. Announces Redemption Of Public Shares And Subsequent Dissolution; Per-Share Redemption Price For The Public Shares Will Be ~$10.55
Portfolio Pulse from Happy Mohamed
Heartland Media Acquisition Corp. (HMA) announced it will redeem all of its outstanding shares of Class A common stock at a per-share redemption price of approximately $10.55, effective as of the close of business on August 8, 2023. This is due to the company's inability to consummate an initial business combination within the required time period. The company's warrants will expire worthless and the NYSE will file a Form 25 to delist the company's securities.
July 24, 2023 | 8:35 pm
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Heartland Media Acquisition Corp. (HMA) will redeem all of its outstanding shares at a per-share price of approximately $10.55. The company's warrants will expire worthless and its securities will be delisted from the NYSE.
The company's decision to redeem all of its outstanding shares and the subsequent delisting of its securities from the NYSE will likely have a negative impact on its stock price. Additionally, the expiration of the company's warrants will also negatively affect the company's stock price.
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