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Wednesday, August 31, 2022

Equity Corporate Actions Alert #2022 - 228
(UPDATED: Revision to Redemption Rate) Information regarding the redemption of Ackrell SPAC Partners I Co. (ACKIT/U/W)

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Ackrell SPAC Partners I Co. (ACKIT/U/W) has announced it will redeem its public shares and will not consummate an initial business combination. As of the close of business on August 31, 2022, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The details are as follows:

Current Company Name & Issue Type: Ackrell SPAC Partners I Co. Subunits
CUSIP: 00461L303
Symbol: ACKIT
Last Trading Date: August 31, 2022
Marketplace Effective Date for Suspension: September 1, 2022
Redemption rate: $10.38294990 per Subunit

Current Company Name & Issue Type: Ackrell SPAC Partners I Co. Units
CUSIP: 00461L204
Symbol: ACKIU
Last Trading Date: August 31, 2022
Marketplace Effective Date for Suspension: September 1, 2022
Redemption rate: $10.38294990 per Unit

Current Company Name & Issue Type: Ackrell SPAC Partners I Co. Warrants
CUSIP: 00461L113
Symbol: ACKIW
Last Trading Date: August 31, 2022
Marketplace Effective Date for Suspension: September 1, 2022
Redemption rate: There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.

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