Liberty Resources Acquisition Wins 9-Month Extension; Redemptions Claim 80% of Trust

Liberty Resources Acquisition in an 8-K said shareholders approved extending the SPAC’s completion deadline to November.

Redemptions of 3,037,062 shares removed about $34 million from the trust, representing approximately $11.20 per share. The company’s trust now holds a little over $8.6 million.

Malaysia-based Liberty entered into a business combination with Caspi Oil Gas in December 2022 at a proforma enterprise value of $427.7 million at that time. Read more.

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