Williams Rowland Acquisition Corp. Will Redeem Its Public Shares And Liquidate
Portfolio Pulse from Benzinga Newsdesk
Williams Rowland Acquisition Corp. (WRAC) announced it will liquidate and dissolve, redeeming all outstanding public shares effective March 8, 2024, due to its inability to complete an initial business combination by March 29, 2024. The company will cease operations except for winding up, redeem public shares with funds from its trust account, and dissolve following stockholder and board approval. WRAC's securities will stop trading on the NYSE American on February 29, 2024, and it plans to delist and terminate the registration of its securities.
February 22, 2024 | 4:18 pm
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Williams Rowland Acquisition Corp. (WRAC) will liquidate and dissolve, redeeming all public shares by March 8, 2024, due to its failure to complete a business combination. The company's securities will cease trading on February 29, 2024.
The decision to liquidate and dissolve WRAC, including the redemption of all public shares and cessation of trading, directly impacts the company's stock price and investor holdings. The inability to complete a business combination and subsequent steps towards dissolution make this news critically important for investors, with a high certainty of a negative impact on the stock price.
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