Kimbell Tiger Acquisition will Reedem Stock and Dissolve

Kimbell Tiger Acquisition announced that it will redeem shares and shutter operations effective at the close of business May 22. The SPAc in a press release said it will not be able to close a deal by its May 8 deadline, when the shares will cease trading.

The per-share redemption price will be approximately $10.56.

Kimbell Tiger’s February 2022 IPO raised $230 million. The SPAC was targeting the energy and natural resources industry in North America, but never announced a deal. Read more

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