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On December 19, 2022, stockholders of AF Acquisition Corp. approved amendments to extend the deadline for a business combination to August 23, 2023, and allowed for potential early liquidation. Following this, the board decided to liquidate the company and redeem 100% of its Class A common stock. Redemption prices will be based on the Trust Account balance, with no redemption rights for Warrants. Trading on Nasdaq for its shares ceased on December 22, 2022.
AF Acquisition Corp. (AFAQU, AFAQ, AFAQW) announced the adjournment of its special meeting, originally set for December 15, 2022, to December 19, 2022, at 9:00 a.m. Eastern Time. Stockholders will vote on five key proposals, including extending the deadline for a business combination from March 23, 2023, to August 23, 2023. The meeting allows for further proxy solicitation if necessary. Stockholders can redeem shares until December 16, 2022, at 5:00 p.m. Eastern Time. The company is a blank check entity aimed at mergers or acquisitions.
AF Acquisition Corp. has priced its initial public offering (IPO) of 20,000,000 units at $10.00 per unit, targeting a range of sectors including food, health, beauty, and wellness. The units will trade on the Nasdaq under the symbol AFAQU starting March 19, 2021. Each unit comprises one share of Class A common stock and one-third of a redeemable warrant, with the latter allowing the purchase of additional shares at $11.50. The offering is set to close on March 23, 2021, subject to standard conditions. Cowen and Company is the book-running manager for the offering.
