Apeiron Capital Investment Corp. (OTCMKTS:APNC) announced today that it has notified GIO World Health, Ltd. that it has elected to terminate the deal.

Due to its inability to complete an initial business combination within the time period required, the company intends to liquidate and dissolve, effective as of the close of business on August 14.

The company will redeem all of the outstanding shares of common stock at a per-share redemption price equal to the aggregate amount then on deposit in the trust including interest earned on the funds and not previously released to the company to pay its taxes, divided by the number of outstanding public shares.

As of the close of business on August 14, the shares will be deemed canceled and will represent only the right to receive the redemption amount.

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