By Kathryn Hardison

 

Crypto 1 Acquisition Corp. said Friday that it plans to dissolve and liquidate after failing to enact an initial business combination within its required time frame.

The company will redeem all outstanding shares of its Class A common stock that were included in its initial public offering. The per-share redemption price will be about $10.14, it said.

The redemption of the public shares is expected to be completed on Dec. 19, the company said.

 

Write to Kathryn Hardison at kathryn.hardison@wsj.com

 

(END) Dow Jones Newswires

December 09, 2022 11:28 ET (16:28 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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