Reported Earlier, Edify Acquisition Prepares For Liquidation, Public Shares Redemption At ~$10.61 Post-UNQL Deal Termination
Portfolio Pulse from Benzinga Newsdesk
Edify Acquisition is preparing for liquidation and will redeem public shares at approximately $10.61 following the termination of a deal with UNQL. This move comes after the previously planned acquisition deal with UNQL was called off.
March 07, 2024 | 7:37 am
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Edify Acquisition is set for liquidation, with public shares to be redeemed at around $10.61 due to the termination of the UNQL deal.
The liquidation and share redemption at a specific price point indicate a significant event for EAC shareholders. The termination of the UNQL deal likely leads to a negative perception of EAC's future prospects, potentially causing a short-term decrease in stock price.
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