OPY Acquisition I to Dissolve

OPY Acquisition I said it intends to redeem shares and liquidate, effective Dec. 28, as it will not meet the deadline for completing a deal.

Stockholders in October approved a deadline extension to June 30, 2024. Each monthly extension required a payment into the trust of the lesser of $35,000 or 15 cents a share. The SPAC made two monthly extensions to Dec. 29.

The SPAC raised $126.5 million in a November 2011 IPO.

OPY I was focused on healthcare assets in the United States, Europe and Israel. Read more.

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