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Tuesday, November 14, 2023

Equity Corporate Actions Alert #2023 - 658
Information Regarding the Redemption of ALSP Orchid Acquisition Corporation I (ALOR/W/U)

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  • Industry Announcement

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ALSP Orchid Acquisition Corporation I (ALOR/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 Tuesday, November 14, 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: ALSP Orchid Acquisition Corporation I Class A Ordinary Share
CUSIP#: G0231L107
Symbol: ALOR
Last Trading Date: November 14, 2023
Marketplace Effective Date for Suspension: November 15, 2023
Redemption rate: Approximately $10.905102 per Class A Ordinary Share
Company Name & Issue Type: ALSP Orchid Acquisition Corporation I Warrant
CUSIP#: G0231L123
Symbol: ALORW
Last Trading Date: November 14, 2023
Marketplace Effective Date for Suspension: November 15, 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: ALSP Orchid Acquisition Corporation I Unit
CUSIP#: G0231L115
Symbol: ALORU
Last Trading Date: November 14, 2023
Marketplace Effective Date for Suspension: November 15, 2023
Redemption rate: Approximately $10.905102 per Class A Ordinary Share

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