GlobeNewswire Inc. · Jul 3, 2023
Minority Equality Opportunities Acquisition Inc. Announces it Will Redeem its Public Shares and Will Not Consummate an Initial Business Combination
Waxahachie, TX, July 03, 2023 (GLOBE NEWSWIRE) -- Minority Equality Opportunities Acquisition Inc. (the “Company”) (Nasdaq: MEOA), a special purpose acquisition company, announced today that, since the Company did not complete an initial business combination on or prior to June 30, 2023, the deadline by which the Company must complete an initial business combination pursuant to its Amended and Restated Certificate of Incorporation (the “Amended Charter”), the Company intends to dissolve and liquidate in accordance with the provisions of the Amended Charter, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in the Company’s initial public offering (the “Public Shares”), at an estimated per-share redemption price of approximately $10.91 (after deducting anticipated liquidation expenses and tax obligations of the Company).
