Liv Capital Acquisition Corp Entered Into A Mutual Termination Agreement Respecting Its Pending Business Combination And Will Redeem All Of Its Outstanding Class A Ordinary Shares Effective Dec. 8, 2023; To Liquidate And Redeem All Of The Class A Shares
Portfolio Pulse from Benzinga Newsdesk
Liv Capital Acquisition Corp (LIVB) has mutually agreed to terminate its pending business combination and will redeem all outstanding Class A ordinary shares on Dec. 8, 2023. Following the redemption, the company will liquidate, as per an SEC filing.
November 20, 2023 | 2:19 pm
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LIVB's mutual termination of its pending business combination and the redemption of all Class A shares will lead to the company's liquidation.
The termination of the business combination and the subsequent redemption and liquidation of shares is a significant event that will likely lead to a decrease in the stock price in the short term, as it indicates the end of the company's current business operations.
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