Kimbell Tiger Acquisition announced that it will redeem all of its outstanding shares of Class A Common Stock included as part of the units issued in its initial public offering and the 2,500 shares of Class A common stock forming part of the sponsor shares, effective as of the close of business on May 22, as the company will not consummate an initial business combination on or prior to May 8. Based on the amount held in trust as of March 31, the per-share redemption price for the public shares will be approximately $10.56. The public shares will cease trading as of the close of business on May 8. As of the close of business on May 9, the public shares will be deemed cancelled and will represent only the right to receive the redemption amount.
Published first on TheFly
