Waverley Capital Acquisition Corp. 1 Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination
The per-share redemption price for the public shares will be approximately $10.37 (the “Redemption Amount”).
- The per-share redemption price for the public shares will be approximately $10.37 (the “Redemption Amount”).
- As of September 8, 2023, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount.
- Beneficial owners of public shares held in “street name,” however, will not need to take any action in order to receive the Redemption Amount.
- The Company’s sponsor has waived its redemption rights with respect to the outstanding founder shares and the shares underlying the private placement warrants.