Home Plate Acquisition Corporation Announces Cancellation Of Special Meeting Of Stockholders And Liquidation; Per-Share Redemption Price Of ~$10.52
Portfolio Pulse from Benzinga Newsdesk
Home Plate Acquisition Corporation (NASDAQ:HPLT) has cancelled its special meeting of stockholders and announced its intention to dissolve and liquidate. The company will redeem all outstanding shares of Class A common stock at an estimated per-share redemption price of $10.52. The company's securities are expected to be delisted from NASDAQ. Heidmar Inc. intends to terminate the Business Combination Agreement with Home Plate.
October 04, 2023 | 8:27 pm
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Home Plate Acquisition Corporation's decision to dissolve and liquidate will result in the redemption of all outstanding shares at an estimated price of $10.52. The company's securities will be delisted from NASDAQ.
The company's decision to dissolve and liquidate will result in the redemption of all outstanding shares, which will likely lead to a decrease in the stock price. The delisting from NASDAQ will also negatively impact the stock's liquidity and visibility, potentially leading to further price decreases.
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