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INSU Acquisition Corp. III Announces It Will Redeem Its Public Shares

INSU Acquisition Corp. III Announces It Will Redeem Its Public Shares

INSU收購公司III宣佈將贖回其公開發行的股票
GlobeNewswire ·  2022/11/18 17:05

PHILADELPHIA, PA, Nov. 18, 2022 (GLOBE NEWSWIRE) --  INSU Acquisition Corp. III (NASDAQ:IIII) (the "Company"), a blank-check company formed for the purpose of acquiring or merging with one or more businesses, today announced that, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation (the "Charter"), the Company intends to dissolve and liquidate in accordance with the provisions of the Charter, effective as of the close of business on December 22, 2022, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the "Public Shares"), at a per-share redemption price of approximately $10.09.

賓夕法尼亞州費城,2022年11月18日(環球通訊社)--為收購或合併一家或多家企業而成立的空白支票公司INSU Acquisition Corp.III(納斯達克:IIII)(以下簡稱“公司”)今天宣佈,由於公司不會在其修訂和重新發布的公司註冊證書(“憲章”)所要求的時間內完成初始業務合併,公司打算根據憲章的規定解散和清算,自2022年12月22日營業結束時起生效。並將以每股約10.09美元的贖回價格,贖回其首次公開發行中發行的單位所包括的所有A類普通股流通股(“公開股份”)。

As of the close of business on December 22, 2022, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount.

截至2022年12月22日收盤時,公開發售的股份將被視為已註銷,只代表有權收取贖回金額。

In order to provide for the disbursement of funds from the trust account, the Company will instruct the trustee of the trust account to take all necessary actions to liquidate the securities held in the trust account. The proceeds of the trust account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares. Record holders will receive their pro rata portion of the proceeds of the trust account, less $100,000 of interest to pay dissolution expenses and net of taxes payable, by delivering their Public Shares to Continental Stock Transfer & Trust Company, the Company's transfer agent. Beneficial owners of Public Shares held in "street name," however, will not need to take any action in order to receive the redemption amount. The redemption of the Public Shares is expected to be completed within ten business days after December 22, 2022.

為了支付信託賬户的資金,本公司將指示信託賬户的受託人採取一切必要的行動,清算信託賬户中持有的證券。信託賬户的收益將存放在一個無息賬户中,等待支付給公眾股份的持有人。記錄保持者將收到他們的按比例信託賬户收益的一部分,減去用於支付解散費用的100,000美元利息和扣除應付税款後的淨額,方法是將其公開發行的股票交付給公司的轉讓代理公司大陸股票轉讓信託公司。然而,以“街道名稱”持有的公眾股票的受益者將不需要採取任何行動來獲得贖回金額。公眾股份的贖回預計在2022年12月22日後的十個工作日內完成。

The Company's sponsors have agreed to waive their redemption rights with respect to their outstanding shares of Class B common stock issued prior to the Company's initial public offering. There will be no redemption rights or liquidating distributions with respect to the Company's warrants, which will expire worthless.

公司的發起人已經同意放棄他們在公司首次公開發行之前發行的B類普通股的流通股的贖回權。本公司的認股權證將不會有贖回權或清算分派,這些認股權證到期後將一文不值。

The Company expects that the Nasdaq Stock Market LLC will file a Form 25 with the United States Securities and Exchange Commission (the "Commission") to delist the Company's securities. The Company thereafter expects to file a Form 15 with the Commission to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended. The Company anticipates that the Public Shares, as well as the Company's publicly traded units and warrants, will cease trading as of the close of business on December 21, 2022.

本公司預計納斯達克股票市場有限責任公司將向美國證券交易委員會(“該委員會”)提交一份25號表格,要求本公司的證券退市。此後,該公司預計將根據修訂後的1934年《證券交易法》向委員會提交表格15,以終止其證券的註冊。該公司預計,公開發行的股票以及公司公開交易的單位和認股權證將於2022年12月21日收盤時停止交易。

Forward-Looking Statements

前瞻性陳述

This press release contains statements that constitute "forward-looking statements." Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's annual report on Form 10-K filed with the Commission and subsequent reports filed with the Commission, as amended from time to time. Copies of these documents are available on the Commission's website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

本新聞稿包含構成“前瞻性陳述”的陳述。前瞻性陳述受許多條件的制約,其中許多條件不是公司所能控制的,包括公司向證券交易委員會提交的10-K表格年度報告的風險因素部分以及隨後提交給委員會的經不時修訂的報告中陳述的那些條件。這些文件的副本可在委員會的網站www.sec.gov上查閲。除法律要求外,本公司不承擔在本新聞稿發佈之日後更新這些聲明以進行修訂或更改的義務。

Contact Information:

聯繫方式:

Cohen & Company, LLC
mjagota@cohenandcompany.com

Cohen&Company,LLC
郵箱:mjagota@cohenandpanany.com


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