The Latest Liquidations: May 10, 2023

Latest SPAC Liquidations: Jackson Acquisition Company, and Axios Sustainable Growth Acquisition Corp.

Jackson Acquisition Company (RJAC) to Liquidate on June 12

Jackson Acquisition Company (NYSE: RJAC.U) today announced that it will redeem all of the outstanding shares of Class A common stock, effective as of the close of business on June 13, 2023.

Based on the amount held in trust as of March 31, 2023, the per-share redemption price for the Public Shares is expected to be approximately $10.38.

The Company anticipates that the Public Shares, as well as the Company’s publicly traded units and warrants, will cease trading as of the close of business on June 12, 2023.

Axios Sustainable Growth Acquisition Corp. (AXAC) Cancels Meeting, Plans to Liquidate on May 18

AXIOS Sustainable Growth Acquisition Corporation (NYSE:AXAC) has determined not to convene its extension meeting and will instead begin the process of redeeming all of its outstanding ordinary shares, effective as of the close of business on May 18.