Sanaby Well being Acquisition Plans Liquidation

By Kathryn Hardison

 
Sanaby Well being Acquisition Corp. I stated Monday that it intends to dissolve and liquidate, citing financial uncertainty and market dynamics.
 
The particular function acquisition firm stated it was unable to land an preliminary enterprise mixture throughout the required time interval, and its liquidation shall be efficient on the shut of enterprise on Wednesday.
      

       
It stated it is going to redeem its excellent shares of Class A typical inventory that had been included within the models issued in its preliminary public providing. Public shares shall be deemed cancelled and characterize solely the precise to obtain the redemption quantity, the blank-check firm stated.
 
“We met with many revolutionary corporations during the last 12 months; nonetheless, present market dynamics and lingering financial uncertainty satisfied us that the easiest way to ship on our promise to shareholders was to return the capital held in belief,” Chief Government Sandra Shpilberg stated.
 
Write to Kathryn Hardison at kathryn.hardison@wsj.com