New Providence Acquisition Corp. II (NPAB) shares were halted in Friday's late session after the blank check company said it plans to soon wind down operations and return its remaining equity to shareholders rather than complete a merger with a suitable business partner over the next year.
New Providence shareholders last week approved a resolution providing the special purpose acquisition company with an additional 12 months to close a qualifying transaction as the Nov. 9 deadline to complete a deal approached.
However, the company said it will cease all operations as soon as it's practicable, adding shareholders likely will receive around $10.89 for each of their shares in the upcoming distribution.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。