HH&L Acquisition (HHLA) has released an update.
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HH&L Acquisition Co. has announced that it will redeem all outstanding ordinary shares issued during its IPO by February 23, 2024, as it failed to achieve a business combination by February 9, 2024. Shareholders will receive approximately $10.79 per share from the trust account funds, with the shares ceasing to trade and being cancelled as of February 23. The company is also preparing to dissolve, following the redemption process and obligations under Cayman Islands law. This move will lead to the delisting of the company’s securities from the New York Stock Exchange and the termination of their SEC registration.
For further insights into HHLA stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
