Brief: Velocity Acquisition Corp. Announces It Will Redeem Its Public Shares And Will Not Consummate An Initial Business Combination

Velo3D

16/12/2022 17:42

Dec 16 (Reuters) - Velocity Acquisition Corp  VELO.O :
    * VELOCITY ACQUISITION CORP. ANNOUNCES IT WILL REDEEM ITS
PUBLIC
SHARES AND WILL NOT CONSUMMATE AN INITIAL BUSINESS COMBINATION
    * VELOCITY ACQUISITION CORP - WILL NOT CONSUMMATE INITIAL
BUSINESS
COMBINATION WITHIN TIME PERIOD REQUIRED BY ITS AMENDED, RESTATED
CERTIFICATE OF INCORPORATION
    * VELOCITY ACQUISITION CORP - INTENDS TO DISSOLVE, LIQUIDATE
IN
ACCORDANCE WITH PROVISIONS OF AMENDED CHARTER, EFFECTIVE AS OF
CLOSE OF BUSINESS ON DEC 20, 2022
    * VELOCITY ACQUISITION CORP - WILL REDEEM ALL OF OUTSTANDING
SHARES OF CLASS A COMMON STOCK THAT WERE INCLUDED IN UNITS
ISSUED IN ITS INITIAL PUBLIC OFFERING
    * VELOCITY ACQUISITION CORP - ANTICIPATED PER-SHARE
REDEMPTION
PRICE OF APPROXIMATELY $10.00

Source text for Eikon:  ID:nBw9lDGdqa 
Further company coverage:  VELO.O 
 ((Reuters.Briefs@thomsonreuters.com;))