Equity Distribution Acquisition Corp. Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

Aug 09, 2022

Equity Distribution Acquisition Corp. (EDAC, NYSE: EQD.U, EQD, EQD.WS), a special purpose acquisition company, today announced it intends to dissolve and liquidate following the provisions of its Amended and Restated Certificate of Incorporation. The company did not find an opportunity within the period required by its Amended and Restated Certificate of Incorporation (the “Amended and Restated Certificate of Incorporation”) that aligned with its business goals. EDAC will redeem all of its outstanding shares of Class A common stock issued as part of the units sold in the company’s initial public offering (the “public shares”), effective as of the close of business on September 19, 2022.

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