The Latest Liquidations: September 25, 2023
by Kristi Marvin on 2023-09-25 at 5:35pm

Latest SPAC Liquidations: Iconic Sports Acquisition Corp.


Iconic Sports Acquisition Corp. (ICNC) to Liquidate on October 11, 2023

Iconic Sports Acquisition Corp. (NYSE: ICNC), today announced that its board of directors has determined to redeem all of its issued and outstanding Class A ordinary shares, effective as of October 11, 2023.

The Company anticipates that the Shares will cease trading on the New York Stock Exchange as of the close of business on September 26, 2023 and the Shares will be deemed cancelled and will represent only the right to receive the Redemption Amount on or around October 11, 2023.

The per-share redemption price for the Shares will be approximately $10.82 (the “Redemption Amount”). The balance of the Trust Account as of September 22, 2023 and following the redemptions effectuated in connection with the Extension Meeting was approximately $144,680,670, including interest and dividend income.

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