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Atlantic Coastal Acquisition Corp. II - $ACAB STOCK NEWS

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Atlantic Coastal Acquisition Corp. II extends time for business combination
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Abpro and Atlantic Coastal Acquisition Corp. II announce a term sheet for a business combination, valuing Abpro at $725 million. The transaction is expected to close in Q2 2024 and will help advance Abpro's drug pipeline to clinical trials. Abpro is currently focusing on developing next-generation antibody therapies for HER2+ cancer treatments and COVID-19.
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Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) has filed a Definitive Proxy Statement to extend the time for a business combination. The statement includes information on the company's eligibility to be listed on Nasdaq, corrections of figures from the Preliminary Proxy Statement, details on the liquidation of securities in the Trust Account, and a modified deadline for stockholders to redeem their Class A common stock.
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Atlantic Coastal Acquisition Corp. extends deadline for business combination, subject to shareholder approval on September 8, 2023.
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Atlantic Coastal Acquisition Corp. (NASDAQ: ACAH) will redeem all outstanding shares of Class A common stock due to failure to complete an initial business combination. The per-share redemption price is expected to be approximately $10.40. The Company's securities will cease trading on Nasdaq on August 18, 2023. No redemption rights or liquidating distributions will be given for warrants. The Company expects delisting and termination of securities registration.
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Atlantic Coastal Acquisition Corp. II

Nasdaq:ACAB

ACAB Rankings

ACAB Stock Data

87.96M
667.36k
91.22%
31.04%
Shell Companies
Financial Services
United States of America
NEW YORK