Osiris Acquisition in an 8-K said it will redeem all outstanding Class A stock effective at the close of business May 30, as the company will not complete an initial business combination by its May 18 deadline.
Shares will cease trading May 17. The per-share redemption price is expected to be $10.68.
Osiris raised $230 million in a May 2021 IPO with plans at that time to “combine with and maximize the value of a fundamentally strong franchise that is facing temporary dislocation due to idiosyncratic events stemming from the COVID-19 pandemic.” The SPAC never announced a deal. Read more.
