Ahren Acquisition announced its board of directors has determined to redeem all outstanding shares effective June 19, because the SPACe will not meet its deadlione for completing a deal.
The last day of trading will be June 16. The per-share redemption price is expected to be approximately $10.49 based on the balance of the trust account as of May 31, which was approximately $314.8 million.
Following a December 2021 IPO, the SPAC was focused on high growth, domain leading companies fueled by breakthrough deep technology and/or deep science. Read more.
