Vericity’s Acquisition by IA American and Subsequent Corporate Overhaul

Vericity (VERY) just unveiled an update.

On June 28, 2024, Vericity, Inc. successfully finalized its merger with Long Grove Acquisition Corp., becoming a wholly-owned subsidiary of IA American Holdings Inc. Shareholders of Vericity received $11.43 cash per share unless they dissented and exercised appraisal rights. Following the merger, Vericity’s stock was suspended from Nasdaq and steps were initiated to delist and deregister the company’s common stock, signifying the end of its independent trading. Additionally, the merger resulted in a new board of directors from the acquiring entities, and an amended corporate governance structure that replaced the existing one.

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