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PepperLime Well being Acquisition Company (NASDAQ: PEPL) is a clean test firm integrated within the Cayman Islands. The first goal of the corporate is to interact in a merger, share trade, asset acquisition, share buy, recapitalization, reorganization, or different related enterprise mixture with a number of companies or entities.
The corporate just lately introduced that it was unable to consummate an preliminary enterprise mixture by January 19, 2024. As stipulated in its Amended and Restated Memorandum and Articles of Affiliation, PepperLime Well being intends to liquidate promptly. Document holders as of February 7, 2024, are anticipated to obtain their professional rata portion of funds from the corporate’s Belief Account on or about February 8, 2024.
The corporate’s sponsor has waived its liquidation rights with respect to its excellent atypical shares issued previous to the corporate’s preliminary public providing. There might be no liquidating distributions with respect to the corporate’s redeemable warrants. The final buying and selling day of the corporate’s Class A atypical shares, redeemable warrants, and items on Nasdaq is predicted to be February 7, 2024.
PepperLime Well being Acquisition Company was fashioned with the intention of leveraging its administration group’s expertise to determine and purchase a promising enterprise inside the healthcare sector. Though the corporate is winding down operations, its proactive method to offering readability and transparency to shareholders is commendable.
FAQ
What’s PepperLime Well being Acquisition Company?
PepperLime Well being Acquisition Company is a clean test firm targeted on mergers, share exchanges, asset acquisitions, and related enterprise mixtures.
What’s the newest replace from PepperLime Well being Acquisition Company?
The corporate introduced it was unable to consummate an preliminary enterprise mixture by January 19, 2024, and intends to liquidate promptly.
When will shareholders obtain their professional rata portion of funds?
Document holders as of February 7, 2024, are anticipated to obtain their funds on or about February 8, 2024.
Will there be any liquidating distributions for redeemable warrants?
No, there might be no liquidating distributions with respect to the corporate’s redeemable warrants.
When is the final buying and selling day for PepperLime Well being’s securities on Nasdaq?
The final buying and selling day for the corporate’s Class A atypical shares, redeemable warrants, and items on Nasdaq is predicted to be February 7, 2024.
What’s the enterprise objective of PepperLime Well being Acquisition Company?
The corporate’s objective is to impact a merger, share trade, asset acquisition, share buy, recapitalization, reorganization, or different related enterprise mixture with a number of companies or entities.
What occurs to the corporate’s sponsor’s liquidation rights?
The corporate’s sponsor has waived its liquidation rights with respect to its excellent atypical shares issued previous to the corporate’s preliminary public providing.
The place can I discover extra details about PepperLime Well being?
Extra info may be discovered within the firm’s filings with the SEC and its official bulletins.