Item 8.01. Other Events.
Due to the Company's anticipated inability to consummate an initial business
combination within the time period required by its Amended and Restated
Certificate of Incorporation, the Company intends to dissolve and liquidate in
accordance with the provisions of its Amended and Restated Certificate of
Incorporation and will redeem all of the shares of outstanding Class A common
stock that were included in the units issued in its initial public offering (the
"Public Shares"), at a per-share redemption price of approximately
As of the close of business
In order to provide for the disbursement of funds from the trust account, the
Company has instructed the trustee of the trust account to take all necessary
actions to liquidate the trust account. The proceeds of the trust account will
be held in a non-interest bearing account while awaiting disbursement to the
holders of the Public Shares. Record holders may redeem their shares for their
pro rata portion of the proceeds of the trust account by delivering their Public
Shares to
The Company's initial stockholders have waived their redemption rights with respect to its outstanding common stock issued prior to the Company's initial public offering.
There will be no redemption rights or liquidating distributions with respect to the Company's rights, which will expire worthless.
On
Item 9.01. Financial Statements and Exhibits.
Exhibit No. Description 99.1 Press Release, datedJuly 1, 2022 Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in 101 Inline XBRL (Inline eXtensible Business Reporting Language). Cover Page Interactive Data File (embedded within the Inline XBRL 104 document and included in Exhibit 101).
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