Dzmitry Dzemidovich
SPAC Athlon Acquisition Corp. (NASDAQ:SWET) will liquidate and redeem its outstanding Class A common stock due to its inability to consummate a business combination.
The SPAC said it will redeem all of its outstanding Class A shares issued during its initial public offering at the rate of $10.06 per share. The shares will be canceled on Dec. 1.
The company’s sponsors and transferees have waived redemption rights to the outstanding Class B share issued prior to the IPO.
Athlon held its initial public offering in January 2021, raising $276M to secure a business combination in the health and wellness sector.
Image and article originally from seekingalpha.com. Read the original article here.