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Independence Holdings Corp. (Nasdaq: ACQRU, ACQR, ACQRW) will redeem all outstanding Class A ordinary shares effective March 10, 2023, as it has failed to complete a business combination within the required timeframe. The redemption will return approximately $10.20 per share, funded by the Trust Account, totaling around $506 million, including interest. The company will cease operations and liquidate following the redemption, and the Nasdaq Capital Market will commence delisting procedures. Shareholders will need to present their share certificates to receive the Redemption Amount, while warrants will expire worthless.
Independence Holdings Corp. (Nasdaq: ACQRU) announced that its common stock and warrants will begin separate trading on April 29, 2021, under the symbols 'ACQR' and 'ACQRW', respectively. The company, incorporated as a blank check firm in the Cayman Islands, aims to execute a business combination in sectors like financial technology and tech-enabled services. The units will continue trading under ACQRU if not separated. Forward-looking statements in the release caution that actual results may vary due to risks beyond the company’s control.
