Churchill Capital Corp VI to redeem public shares

Churchill Capital Corp VI announced that its board of directors has determined to redeem all of its outstanding shares of Class A common stock, par value $0.0001 because the company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation. The previously disclosed non-binding letter of intent has been terminated in accordance with its terms. The per-share redemption price for the public shares will be approximately $10.49. The last day that the company’s securities will trade on the New York Stock Exchange will be December 1, 2023. Effective as of the close of business on December 4, 2023, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount.