Belong Acquisition Stock Price, News & Analysis

Belong Acquisition Corp. (NASDAQ: BLNGU) is a blank-check company focused on acquiring or merging with other businesses. Recently, the company announced its intention to dissolve and liquidate. All outstanding shares of Class A common stock will be redeemed, with a per-share Redemption Amount of approximately $10.23. The Company's sponsor has waived its redemption rights for its Class B common stock issued pre-IPO. The process of liquidation and disbursement of funds from the trust account is underway. The Company expects its securities to be delisted from Nasdaq and its registration terminated under the Securities Exchange Act of 1934. Shareholders will receive their pro rata portion of the trust account proceeds after trustee fees and dissolution expenses. The redemption process is anticipated to be completed within ten business days after July 27, 2023.