Empowerment & Inclusion Capital I announced today that it will liquidate because the SPAC will not consummate an initial business combination within deadline. The per-share redemption price will be approximately $10.09.
As of the close of business Dec. 14, the public shares will be cancelled.
The SPAC raised $240 million in a January 2021 IPO to acquire a diverse-led business or a business focused on promoting an inclusive economy and society. Read more.
