H.I.G. Acquisition’s board has decided to liquidate the SPAC and redeem shares as its termination deadline approahces without a deal.
The company anticipates that the last day of trading will be Oct. 21. The redemption price will be announced at a later date, the SPAC said.
The NYSE delisted the SPAC’s warrants almost two weeks ago.
H.I.G. Acquisition raised nearly $40 million in a December 2020 IPO. The SPAC had been searching for a business that can capitalize on management’s strengths in healthcare, technology, media and telecommunications, services, industrial, consumer and other sectors. Read more.
