Welcome to our dedicated page for Altitude Acquisition news (Ticker: ALTUU), a resource for investors and traders seeking the latest updates and insights on Altitude Acquisition stock.
Altitude Acquisition Corp. is a blank check company based in Delaware, focused on effecting mergers, acquisitions, or similar business combinations with global travel, travel technology, and travel-related businesses. Their target companies include travel booking engines, revenue management services, alternative accommodation platforms, and more. Altitude aims to identify businesses with strong growth potential and demand drivers, suitable for public listing.
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Altitude Acquisition Corp. (ALTUU) announces redemption of Public Shares due to failure to complete a business combination within the required timeframe, resulting in delisting from Nasdaq. Shareholders to receive estimated redemption price of approximately $10.1577 per share. Proceeds to be disbursed within ten business days after March 12, 2024.
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Altitude Acquisition Corp. has extended the deadline for its initial business combination with Picard Medical, Inc. The deadline has been moved from February 11, 2024 to March 11, 2024, allowing the board to extend it up to three times for an additional one month each time. This extension aims to provide Altitude with more time to finalize the proposed business combination.
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Altitude Acquisition Corp. (Nasdaq: ALTUU, ALTU, ALTUW) has extended the Deadline Date for its initial business combination with Picard Medical, Inc. to February 11, 2024, providing the Board with the right to extend the date up to three times. Altitude entered into a business combination agreement with Picard on April 23, 2023, and the extension aims to provide more time to finalize the proposed business combination.
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Altitude Acquisition Corp. has extended the date for its initial business combination with Picard Medical, Inc. by one month, from November 11, 2023 to December 11, 2023. This extension is the eighth one allowed by Altitude's Charter, giving the Board the right to extend the Deadline Date up to eight times for an additional one month each time. The purpose of the extension is to provide Altitude with more time to complete the proposed business combination.
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Altitude Acquisition Corp. extends deadline for business combination with Picard Medical, Inc.
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Altitude Acquisition Corp. extends deadline for business combination with Picard Medical, Inc.
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Altitude Acquisition Corp. has extended the deadline for its initial business combination with Picard Medical, Inc. by one month, from August 11 to September 11, 2023.
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Altitude Acquisition Corp. has extended the deadline for its initial business combination with Picard Medical, Inc. by an additional month.
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FAQ
What is Altitude Acquisition Corp.?
Altitude Acquisition Corp. is a newly formed blank check company based in Delaware, focusing on mergers, acquisitions, and similar business combinations.
What are Altitude's target companies?
Altitude is interested in global travel, travel technology, and travel-related businesses, including travel booking engines, revenue management services, and alternative accommodation platforms.
What is Altitude's focus when identifying target businesses?
Altitude seeks businesses with strong growth opportunities, compelling demand drivers, and potential for public listing.
What is the process for liquidation of the trust account at Altitude?
The trust account liquidation involves the cancellation of Public Shares, redemption process for shareholders, and delisting of securities from Nasdaq.
How can shareholders redeem their Public Shares at Altitude?
Shareholders can redeem their Public Shares for a pro rata portion of the trust account proceeds by presenting their share certificates or units to the transfer agent.
What is the expected timeline for the redemption of Public Shares at Altitude?
The redemption of Public Shares is anticipated to be completed within ten business days after the specified date.
What is the stance of Altitude's sponsors, officers, and directors on redemption rights?
The Company's sponsors, officers, and directors have waived their redemption rights concerning the shares of common stock.
What are forward-looking statements related to Altitude Acquisition Corp.?
Forward-looking statements include predictions about the redemption of Public Shares, per-share redemption price, and Nasdaq delisting, which are subject to risks and uncertainties.
What is the contact information for Altitude Acquisition Corp.?
For more information, contact Cody Slach or Matthew Hausch at GatewayALTU@gatewayir.com or call 949-574-3860.
How frequently does Altitude Acquisition Corp. update its shareholders?
Altitude Acquisition Corp. provides regular updates to shareholders regarding the liquidation process, trust account disbursement, and other relevant developments.
Altitude Acquisition Corp.