By Stephen Nakrosis
Special purpose acquisition company New Providence Acquisition II said it would windup and liquidate the company, as it won't consummate an initial business combination.
The company said it expects to redeem all outstanding public shares for about $10.89 each, following payment of up to $100,000 of dissolution expenses, but before the payment of taxes.
The company filed for a $200 million initial public offering in February 2021. At the time, the company said it sought to acquire and operate a business in the consumer industry.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
November 08, 2024 18:11 ET (23:11 GMT)
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