Rocket Internet Growth Opportunities Corp. Rocket Internet Growth Opportunities Corporation Announces Expected Repurchase Price for Public Stocks
GRAND CAYMAN/ACCESSWIRE / March 23, 20,23 / Rocket Internet Growth Opportunities Corp. (the “Company”) (NYSE:RKTA)(NYSE:RKTA.U), a special purpose acquisition company, previously announced that it will be unable to consummate an initial business combination on or prior to March 25, 2023, the time period required by its Amended and Restated Memorandum and Articles of Association (the “Articles”). Accordingly, the Company will redeem all Class A ordinary shares remaining from the Company’s initial public offer (the “Public Shares”), and then dissolve and liquidate the Company in accordance to the Articles.
Today the Company announced that after withdrawing accured interests for payment of Company’s taxes in compliance with the Company Articles, the per share redemption price was calculated at $10.15.
In order to provide for the disbursement of funds from the Company’s trust account, the Company will instruct Continental Stock Transfer & Trust Company, as trustee (the “Trustee”), to take all necessary actions to liquidate the securities held in the trust account. The funds from the liquidation of securities will be kept in a noninterest bearing account until they are disbursed to holders of Public Shares. Holders of record must deliver their Public Shares to Continental Stock Transfer & Trust Company, the Company’s transfer agent, to receive their pro rata A portion of such proceeds. Public Shares in “street name” will not be redeemed by the owners. Public Shares are expected to be redeemed by March 29, 2023.
Rocket Internet Growth Opportunities Sponsor GmbH, the Company’s sponsor, has agreed to waive redemption rights for its Class B common shares that were issued prior to the Company’s initial public offerings.
With respect to Company’s warrants which expire in value, there will be no liquidating distributions or redemption rights.
The Company has previously stated that it expects that March 24th, 2023 will be the last day of trading on the New York Stock Exchange (“NYSE”), and that NYSE will file a Form 25, with the U.S Securities and Exchange Commission (the “SEC”) to delist its securities. To terminate its registration of securities under the Securities Exchange Act of 1935, as amended, the Company will file a Form 15 to the SEC.
This press release contains forward-looking statements that are within the scope of the federal securities law. These forward-looking statements are generally identified by the words: “believe,” “expect,” “anticipate,””estimate,”,”intend,”,”may,” “should,”,” “should,”,” “will,”,” “will continue,” and similar expressions. Forward-looking statements include projections, predictions and other statements regarding future events. They are based upon current expectations and assumptions, and are therefore subject to uncertainties. You should be aware that future events could differ materially from what is stated in forward-looking statements. These risks and uncertainties, along with other information filed with the SEC by the Company on Form 10-K, should be considered carefully. These filings address important risks and uncertainties which could cause actual results and events to differ materially from the statements. Forward-looking statements only speak as of the date they were made. It is important that readers do not place undue reliance upon forward-looking information. The Company assumes no obligation or intends to revise or update these forward-looking statement, regardless of whether new information, future events or other factors, except as required under law.
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SOURCE: Rocket Internet Growth Opportunities Corp.
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