Reported Earlier, Williams Rowland Acquisition Corp Sets Liquidation Price At ~$10.52/Share
Portfolio Pulse from Benzinga Newsdesk
Williams Rowland Acquisition Corp (WRAC) has set its liquidation price at approximately $10.52 per share. The company's securities will cease trading on the NYSE American on February 29, 2024, and public shares will be considered cancelled as of March 8, 2024, representing only the right to receive the Redemption Amount.
February 29, 2024 | 8:45 am
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Williams Rowland Acquisition Corp has announced its liquidation price at approximately $10.52 per share, with the last trading day on NYSE American set for February 29, 2024.
The announcement of a liquidation price and the cessation of trading typically indicate a winding down of operations and a return of capital to shareholders. This is generally seen as a negative development for the company's future prospects and can lead to a decrease in stock price in the short term.
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