The business combination of Avalon Acquisition Inc. (AVAC/W/U) & Beneficient closed today, Wednesday, June 7, 2023. As a result of the business combination, the common stock, warrant, and unit of Avalon Acquisition Inc. (AVAC/W/U) will be suspended from trading. The suspension details are as follows:
| Company Name/Issue: |
Avalon Acquisition Inc. Class A Common Stock |
| CUSIP#: |
05338E101 |
| Symbol: |
AVAC |
| Last Trading Date: |
June 7, 2023 |
| Marketplace Effective Date for Suspension: |
June 8, 2023 |
| Merger Consideration: |
One (1) share of Beneficient Class A Common stock (BENF) & one (1) preferred stock of Beneficient (not listing on Nasdaq) for each share held.
|
| Company Name/Issue: |
Avalon Acquisition Inc. Warrant |
| CUSIP#: |
05338E119 |
| Symbol: |
AVACW |
| Last Trading Date: |
June 7, 2023 |
| Marketplace Effective Date for Suspension: |
June 8, 2023 |
| Merger Consideration: |
One (1) Beneficient Warrant (BENFW) for each warrant held.
|
| Company Name/Issue: |
Avalon Acquisition Inc. Unit |
| CUSIP#: |
05338E200 |
| Symbol: |
AVACU |
| Last Trading Date: |
June 7, 2023 |
| Marketplace Effective Date for Suspension: |
June 8, 2023 |
| Merger Consideration: |
Unit will separate into its components. |
As a result of the merger the combined company will list the Class A Common stock (BENF) on the Nasdaq Global Market and the warrants (BENFW) on the Nasdaq Capital Market.
The details are as follows:
| Company Name/Issue: |
Beneficient Class A Common Stock
|
| CUSIP#: |
08178Q101
|
| Symbol: |
BENF |
| Marketplace Effective Date: |
June 8, 2023
|
| Company Name/Issue: |
Beneficient Warrant expiring 6/7/2028
|
| CUSIP#: |
08178Q119
|
| Symbol: |
BENFW |
| Marketplace Effective Date: |
June 8, 2023
|
If you would like to register as a market maker in BENF or BENFW contact Nasdaq Trading Services at +1 212 231 5100.
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