AF Acquisition amends charter, will liquidate

The stockholders of AF Acquisition Corp. approved an amendment to the company’s amended and restated certificate of incorporation to extend the date by which the company would be required to consummate a business combination from March 23, 2023 to August 23, 2023 and an amendment to the charter to permit the company’s board, in its sole discretion, to elect to wind up the company’s operations on an earlier date. Following the stockholders’ meeting, the company’s board of directors has determined to liquidate and dissolve the company as soon as practicable before December 31, it announced. As a result, the securities will be suspended from trading on Nasdaq on December 22. The public shares will be redeemed at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the trust account deposits, which interest shall be net of taxes payable and up to $100,000 of interest to pay dissolution expenses, divided by the number of then outstanding public shares.