Ibere Pharmaceuticals to Redeem Shares and Dissolve Next Month

Ibere Pharmaceuticals announced that it will redeem shares effective at the close of business March 2 as the SPAC will not complete an initial business combination by its deadline.

The per-share redemption price will be approximately $10.17.

The shares will cease trading at the close of business March 1.

Ibere raised $120 million in an IPO two years ago with plans to focus on opportunities in the pharmaceutical and life sciences industries. Read more.

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