- SPAC Sierra Lake Acquisition (NASDAQ:SIER) said Thursday it will dissolve as it will not close a merger within the deadline.
- The firm will redeem all outstanding class A shares included in the units issued in its IPO at a per-share redemption price of ~$10.12.
- The redemption of shares is expected to be completed within ten business days after December 16.
- The company's warrants will expire worthless.
SPAC Sierra Lake Acquisition to dissolve
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| Symbol | Last Price | % Chg |
|---|---|---|
| SIER | - | - |
| Sierra Lake Acquisition Corp. | ||