Agile Growth announced that as of the close of business on March 13, the company’s publicly held Class A ordinary shares, par value $0.0001, will be deemed cancelled and will represent only the right to receive from the company’s trust account the per-share redemption price for the Public Shares to be announced at a later date, because the company will not consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association. In accordance with the terms of the related trust agreement, the company expects to retain interest income from the Trust Account to pay dissolution expenses, and taxes, if any. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants. The company’s initial stockholders have waived their redemption rights with respect to the outstanding Class B ordinary shares, par value $0.0001, issued prior to the company’s initial public offering. After March 12, the company will cease all operations except for those required to wind up the company’s business. The company anticipates that the Public Shares will cease trading on The Nasdaq Capital Market as of the close of business on March 10.
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