SPAC Company Altimar Acquisition Corp. III To Redeem Its Public Shares And Not Consummate An Initial Business Combination
Portfolio Pulse from Benzinga Newsdesk
Altimar Acquisition Corp. III, a SPAC company, has announced that it will redeem its public shares and will not proceed with an initial business combination. The company's securities will cease trading on the NYSE on September 8, 2023.
September 05, 2023 | 9:38 pm
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Altimar Acquisition Corp. III's decision to redeem its public shares and not proceed with an initial business combination could potentially impact its stock price. Trading will cease on September 8, 2023.
The decision to redeem public shares and not proceed with an initial business combination is a significant event that could lead to a decrease in the stock price. The cessation of trading on the NYSE further emphasizes the potential impact on the stock.
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