Welcome to our dedicated page for SHCA news (Ticker: SHCA), a resource for investors and traders seeking the latest updates and insights on SHCA stock.
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Spindletop Health Acquisition Corp. (NASDAQ:SHCA) announced plans for the redemption of all outstanding public shares by December 27, 2022, following a termination date set by its Board. The company will dissolve and liquidate, with trading of its Class A Common Stock expected to cease on December 28, 2022. Holders of public shares will receive approximately $10.00 per share from an estimated total Redemption Amount of $901,300, reflecting the balance in the trust account after deducting dissolution expenses. This marks a significant step toward the company's planned liquidation process.