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Friday, November 18, 2022

Equity Corporate Actions Alert #2022 - 355
(UPDATED: Redemption Amount Finalized) Information Regarding the Redemption of Arena Fortify Acquisition Corp. (AFAC/W/U)

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  • Industry Announcement

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On December 8, 2022, shareholders of Arena Fortify Acquisition Corp. (AFAC/W/U) met and voted to redeem the company's public shares and not consummate a business combination. The redemption will be effective as of the close of business on December 8, 2022 and 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: Arena Fortify Acquisition Corp. Class A Common Stock
CUSIP#: 04005A104
Symbol: AFAC
Last Trading Date: December 8, 2022
Marketplace Effective Date for Suspension: December 9, 2022
Redemption rate: $10.26604194 per Class A Common Stock
Company Name & Issue Type: Arena Fortify Acquisition Corp. Warrant
CUSIP#: 04005A112
Symbol: AFACW
Last Trading Date: December 8, 2022
Marketplace Effective Date for Suspension: December 9, 2022
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: Arena Fortify Acquisition Corp. Unit
CUSIP#: 04005A203
Symbol: AFACU
Last Trading Date: December 8, 2022
Marketplace Effective Date for Suspension: December 9, 2022
Redemption rate: Approximately $10.26604194 per Class A Common Stock

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