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Latest SPAC Liquidations: Arena Fortify, and Science Strategic Alpha
Arena Fortify Acquisition Corp. to Liquidate
Science Strategic Acquisition Corp. Alpha to Liquidate
Holders of 30,449,825 shares of Class A Common Stock exercised their right to redeem their shares for cash at a redemption price of approximately $10.07 per share, for an aggregate redemption amount of approximately $306,609,408. Following such redemptions, 600,175 shares of Class A Common Stock remain outstanding.
The company estimates that the total amount in the trust available for redemption, after accounting for the exclusion of $41,612 of interest to pay dissolution expenses, will be approximately $6,001,750, and the redemption amount will be approximately $10.00.READ