15th Dec 2023 21:30
Financials Acquisition Corp - Cayman Islands-based special purpose acquisition company sponsored by FINSAC LLP - Further to announcement on November 20, continues to work with Interpath (Cayman) Ltd as an independent advisor to supervise the allocation of payments to creditors and the redemption of class A ordinary shares. Calculates the redemption price at GBP9.50 per class A ordinary share, the amount on deposit in the company's escrow account as at December 15. Upon payment of the redemption price, the redemption will extinguish the rights of holders of Class A ordinary shares as shareholders of the company, including the right to receive further liquidation distributions.
Current stock price: 1,090 pence
12-month change: up 9.0%
By Jeremy Cutler, Alliance News reporter
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