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Rocket Internet Growth Opportunities Corp. (NYSE:RKTA, RKTA.U) has announced it cannot complete an initial business combination by March 25, 2023, as required. Consequently, the Company will redeem all outstanding Class A ordinary shares at a per-share redemption price of approximately $10.15 and dissolve subsequently. The redemption of Public Shares is expected around March 29, 2023, with the last trading day on the NYSE being March 24, 2023. No redemption rights or distributions will apply to outstanding warrants. Additionally, the Company plans to delist from the NYSE and terminate its securities registration with the SEC.
Rocket Internet Growth Opportunities Corp. (NYSE: RKTA, RKTA.U) announced it will redeem all outstanding Class A ordinary shares at approximately $10.22 per share due to its inability to complete a business combination by March 25, 2023. Shareholders must deliver their Public Shares to receive their pro rata redemption amount. The redemption is expected around March 29, 2023. The last trading day for Public Shares is set for March 24, 2023, after which the company will be delisted. Additionally, the company's warrants will expire worthless, and the company plans to dissolve and liquidate following the redemption.
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