Fortress Capital Acquisition Corp. Announces Redemption of Class A Ordinary Shares

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Jan 04, 2023

Fortress Capital Acquisition Corp. (NYSE:FCAX, Financial) today announced that its board of directors (the “Board”) has determined to redeem all of its outstanding Class A ordinary shares (the “Class A Shares”), effective as of January 18, 2023, because the Company will not be able to consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association (the “Articles”).