Seaport Global Acquisition II Corp Announces Final Value for Redemption of Public Shares
02 12월 2023 - 6:45AM
Seaport Global Acquisition II Corp. (Nasdaq: SGII) (the “Company”),
a special purpose acquisition company, today announced the final
per share redemption value for its Class A redeemable shares.
As previously announced on November 20, 2023,
the Company intends to dissolve and liquidate in accordance with
the provisions of the Amended Charter.
As a result, the Company will redeem all of the
remaining 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 $10.835, as of
December 6, 2023.
As of the open of business on Monday, December
4, 2023, the Public Shares will be deemed cancelled and will
represent only the right to receive the redemption amount.
In order to provide for the disbursement of
funds from the trust account, the Company has instructed 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 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 on or about December 6, 2023.
As previously stated, the Company’s sponsor has
agreed to waive its redemption rights with respect to its
outstanding shares of Class A common. There will be no redemption
rights or liquidating distributions with respect to the Company’s
warrants, which will expire worthless.
Forward-Looking StatementsThis
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 registration statement and prospectus for the Company’s
initial public offering filed with the SEC, and subsequent reports
filed with the SEC, as amended from time to time. Copies of these
documents are available on the SEC’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.
Investor Relations
Contacts:Seaport Global Acquisition II Corp.Gateway Group,
Inc.Ralf Esper(949) 574-3860Sg2@gateway-grp.comorEmail:
ir@seaportglobalacquisition.com
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