Kadem Sustainable Impact Corporation Announces Updated Estimate of Redemption Price of Public Shares
February 16 2023 - 4:05PM
Business Wire
Kadem Sustainable Impact Corporation (the “Company”) (NASDAQ:
KSI, KSICU, KSICW) previously announced that it will redeem all of
its outstanding shares of Class A common stock sold as part of the
units in the Company’s initial public offering (whether they were
purchased in the initial public offering or thereafter in the open
market) (the “public shares”), effective as of the close of
business on March 19, 2023, because the Company will not consummate
an initial business combination within the time period required by
its amended and restated certificate of incorporation.
The Company estimates that the per-share redemption price for
the public shares will be approximately $10.10. Funds in the
Company’s trust account, including any interest thereon, will not
be used to pay for any excise tax imposed under the Inflation
Reduction Act of 2022.
About Kadem Sustainable Impact Corporation
Kadem Sustainable Impact Corporation is a blank check company
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses.
Forward-Looking Statements
This press release may include, and oral statements made from
time to time by representatives of the Company may include,
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other
than statements of historical fact included in this press release
are forward-looking statements. When used in this press release,
words such as “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,”
“potential,” “predict,” “project,” “should,” “would” and similar
expressions, as they relate to the Company or its management team,
identify forward-looking statements. Such forward-looking
statements are based on the beliefs of management, as well as
assumptions made by, and information currently available to, the
Company’s management. Actual results could differ materially from
those contemplated by the forward-looking statements as a result of
certain factors detailed in the Company’s filings with the
Securities and Exchange Commission (“SEC”). All subsequent written
or oral forward-looking statements attributable to the Company or
persons acting on its behalf are qualified in their entirety by
this paragraph. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of the Company,
including those set forth in the Risk Factors section of the
Company’s registration statement for the Company’s initial public
offering filed with the SEC. The Company undertakes no obligation
to update these statements for revisions or changes after the date
of this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230216005739/en/
Brian Ruby, ICR, brian.ruby@icrinc.com
Kadem Sustainable Impact (NASDAQ:KSICU)
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