Hiro Metaverse Acquisitions SPAC delists following failure to identify merger target
The SPAC listed on the LSE in February 2022 to tap into Metaverse and gaming opportunities.
Affiliated to gaming venture capital fund Hiro Capital, the SPAC listed on the LSE in February 2022 to tap into metaverse and gaming opportunities.
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However, the company explained that, in the current economic conditions, it has not been able to complete a business combination before the expiry date of 7 February 2024, resulting in its leaving the stock exchange.
As a result, its public shares and public warrants have been cancelled, alongside its standard listing segment of the official list of the Financial Conduct Authority and on the main market for listed securities on the LSE.
The shares will be redeemed «as soon as possible» at a pre-set price of around £10.72 per share, payable in cash, the SPAC said.
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