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On December 8, 2022, Arena Fortify Acquisition Corp. held a virtual special meeting where stockholders approved amendments to extend the deadline for business combination to December 9, 2022. However, the company announced it cannot complete a business combination by that date, leading to a mandatory redemption of public shares approximately on December 14, 2022, at a redemption price of approximately $10.27 per share. The company’s public shares, warrants, and units ceased trading on the Nasdaq on December 8, 2022.
Arena Fortify Acquisition Corp. (NASDAQ: AFACU) announced that starting December 31, 2021, holders of its initial public offering units can separately trade shares of Class A common stock and warrants. The IPO involved 17,250,000 units, including an over-allotment of 2,250,000 units, with trading symbols changing to AFAC for common stock and AFACW for warrants. The offering was managed by Cowen and Company and Intrepid Partners, with the SEC declaring the registration effective on November 9, 2021. Unitholders should contact the Company’s transfer agent for unit separation.
Arena Fortify Acquisition Corp. announced the pricing of its initial public offering (IPO) of 15 million units at $10.00 per unit, set to begin trading on Nasdaq under the ticker symbol AFACU on November 10, 2021. Each unit comprises one share of Class A common stock and one-half of a redeemable warrant. The IPO is managed by Cowen and Intrepid as joint book-running managers, with an option for underwriters to purchase an additional 2.25 million units. The offering is expected to close on November 15, 2021, subject to customary conditions.
Arena Fortify Acquisition Corp. announced its initial public offering (IPO) of 15,000,000 units priced at $10.00 each, set to trade on Nasdaq under the symbol AFACU. Each unit comprises one share of Class A common stock and one-half of a redeemable warrant, with whole warrants tradable at $11.50 per share. The IPO underwriters, Cowen and Intrepid, have a 45-day option for an additional 2,250,000 units. The registration statement is pending approval by the SEC, and no sales will occur until then. The company aims to merge or acquire businesses in the natural resources sector.
