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Tuesday, May 9, 2023

Equity Corporate Actions Alert #2023 - 261
Information regarding the redemption of Progress Acquisition Corporation (PGRW/W/U)

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  • Industry Announcement

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Progress Acquisition Corporation (PGRW/W/U) has announced it will redeem its public shares and will not consummate an initial business combination. As of the close of business on May 9, 2023, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The details are as follows:

Company Name & Issue Type: Progress Acquisition Corporation Class A Common Stock
CUSIP#: 74327P105
Symbol: PGRW
Last Trading Date: May 9, 2023
Marketplace Effective Date for Suspension: May 10, 2023
Redemption rate: Approximately $10.29 per Class A Common Stock
Company Name & Issue Type: Progress Acquisition Corp. Warrant
CUSIP#: 74327P113
Symbol: PGRWW
Last Trading Date: May 9, 2023
Marketplace Effective Date for Suspension: May 10, 2023
Redemption rate: There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.
Company Name & Issue Type: Progress Acquisition Corp. Unit
CUSIP#: 74327P204
Symbol: PGRWU
Last Trading Date: May 9, 2023
Marketplace Effective Date for Suspension: May 10, 2023
Redemption rate: Approximately $10.29 per Class A Common Stock

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