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Tuesday, July 25, 2023

Equity Corporate Actions Alert #2023 - 427
Information regarding the redemption of Belong Acquisition Corp (BLNG/W/U)

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  • Industry Announcement

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Belong Acquisition Corp (BLNG/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 July 26, 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: Belong Acquisition Corp. Class A Common Stock
CUSIP#: 08069M102
Symbol: BLNG
Last Trading Date: July 26, 2023
Marketplace Effective Date for Suspension: July 27, 2023
Redemption rate: Approximately $10.23 per Class A Common Stock
Company Name & Issue Type: Belong Acquisition Corp. Warrant
CUSIP#: 08069M110
Symbol: BLNGW
Last Trading Date: July 26, 2023
Marketplace Effective Date for Suspension: July 27, 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: Belong Acquisition Corp Unit
CUSIP#: 08069M201
Symbol: BLNGU
Last Trading Date: July 26, 2023
Marketplace Effective Date for Suspension: July 27, 2023
Redemption rate: Approximately $10.23 per Class A Common Stock

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