H.I.G. Acquisition announced today that its per-share redemption price, net of taxes and dissolution expenses, is expected to be approximately $10.04. Trading in the SPAC ends today on the NYSE, which delisted H.I.G. warrants three weeks ago.
Redemptions begin Monday.
The SPAC earlier this week announced it would wind up and dissolve after failing to secure a merger agreement as its termination date approaches.
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.
