Kimbell Tiger Acquisition announced that it will redeem shares and shutter operations effective at the close of business May 22. The SPAc in a press release said it will not be able to close a deal by its May 8 deadline, when the shares will cease trading.
The per-share redemption price will be approximately $10.56.
Kimbell Tiger's February 2022 IPO raised $230 million. The SPAC was targeting the energy and natural resources industry in North America, but never announced a deal. Read more.
Source: Kimbell Tiger Acquisition will Reedem Stock and Dissolve