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MSAC - MSAC STOCK NEWS

Welcome to our dedicated page for MSAC news (Ticker: MSAC), a resource for investors and traders seeking the latest updates and insights on MSAC stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MSAC's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MSAC's position in the market.

Rhea-AI Summary

On February 13, 2023, Medicus Sciences Acquisition Corp. (NASDAQ: MSAC) announced its decision to dissolve and liquidate due to its inability to complete a business combination within the mandated timeframe. The Board will redeem all outstanding Class A ordinary shares at approximately $10.18 per share. Shares will be cancelled by February 21, 2023, and trading will cease on February 17, 2023. The company plans to liquidate securities in the trust account, with disbursements to shareholders expected within ten business days post-redemption. The sponsor waived redemption rights for Class B shares, while warrants will expire worthless.

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FAQ

What is the market cap of MSAC (MSAC)?

The market cap of MSAC (MSAC) is approximately 118.1M.
MSAC

Nasdaq:MSAC

MSAC Rankings

MSAC Stock Data

118.12M
9.18M
Investment Banking and Securities Dealing
Finance and Insurance