The Latest Liquidations: April 7, 2023
Apr 7, 2023 INTEL by Kristi Marvin
Latest SPAC Liquidations: Games & Esports Experience Acquisition Corp.
Games & Esports Experience Acquisition Corp (GEEX) to Liquidate
Games & Esports Experience Acquisition Corp. (Nasdaq: GEEX) announced today that it will redeem all of the issued and outstanding Class A ordinary shares on or prior to April 14, 2023, because the Company’s sponsor has determined that it will not make an additional contribution to the Company’s trust account required in order to extend the April 7, 2023 deadline.
Accordingly, the company intends to dissolve and liquidate. An expected redemption price was not provided, but the redemption of the Public Shares is expected to be completed by April 14, 2023.READ