Gardiner Healthcare Acquisitions Corp. Announces Intent to Extend By An Additional One Month, From The Current Deadline Of September 27, 2023 To October 27, 2023
Portfolio Pulse from Benzinga Newsdesk
Gardiner Healthcare Acquisitions Corp. plans to deposit $100,000 into its trust account to extend the deadline for its initial business combination from September 27, 2023, to October 27, 2023. The extension has been approved by the company's board of directors. If the extension is not funded, the company will cease all operations except for winding up, redeem 100% of the public shares, and dissolve and liquidate, subject to approval from remaining stockholders and the board of directors.
September 25, 2023 | 12:46 pm
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Gardiner Healthcare Acquisitions Corp.'s decision to extend the deadline for its initial business combination could impact its stock price. If the extension is not funded, the company's operations may cease, which could negatively affect the stock price.
The company's decision to extend the deadline for its initial business combination indicates uncertainty, which could negatively impact investor sentiment and the stock price. If the extension is not funded and the company ceases operations, this could lead to a significant drop in the stock price.
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