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On February 13, 2023, Medicus Sciences Acquisition Corp. (NASDAQ: MSAC) announced its decision to dissolve and liquidate due to its inability to complete a business combination within the mandated timeframe. The Board will redeem all outstanding Class A ordinary shares at approximately $10.18 per share. Shares will be cancelled by February 21, 2023, and trading will cease on February 17, 2023. The company plans to liquidate securities in the trust account, with disbursements to shareholders expected within ten business days post-redemption. The sponsor waived redemption rights for Class B shares, while warrants will expire worthless.
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