Arctos NorthStar Acquisition Corp. (NYSE: ANAC) announced its decision to redeem all outstanding Class A ordinary shares, effective February 27, 2023, due to the failure to complete an initial business combination by the deadline of February 25, 2023. The per-share redemption price is expected to be approximately $10.19. After this redemption, the Company will cease all operations, proceed with liquidation, and file for delisting with the U.S. Securities and Exchange Commission. This process marks the end of trading for ANAC's Class A Shares on February 24, 2023.
Arctos NorthStar Acquisition Corp. (NYSE: ANAC) announced it received a non-compliance notice from the NYSE due to the late filing of its Quarterly Report on Form 10-Q for Q1 2021. The delay followed new SEC guidance on accounting for SPAC warrants, prompting a review by the Company and its advisors. The NYSE allows a six-month period to regain compliance. ANAC plans to file the Form 10-Q soon to address the issue.
Summary not available.