Scottsdale, AZ, May 26, 2023 (GLOBE NEWSWIRE) -- Senior Connect Acquisition Corp. I (the “Company”) (Nasdaq: SNRH), announced today that, the board of directors of the Company has unanimously voted to accelerate the deadline by which the Company must complete an initial business combination to June 8, 2023. Therefore, the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation (as amended on December 12, 2023, the “Amended Charter”). As a result, the Company intends to dissolve and liquidate in accordance with the provisions of the Amended Charter, effective as of the close of business on June 9, 2023, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the “Public Shares”), at an estimated per-share redemption price of approximately $10.03 (after deducting anticipated liquidation expenses and tax obligations of the Company).
Senior Connect Acquisition Corp. I Announces it Will Redeem its Public Shares and Will Not Consummate an Initial Business Combination
May 26, 2023
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