Wednesday, January 25, 2023

Equity Corporate Actions Alert #2023 - 52
Information regarding the redemption of North Atlantic Acquisition Corporation (NAAC/W/U)

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  • Industry Announcement

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North Atlantic Acquisition Corporation (NAAC/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 January 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: North Atlantic Acquisition Corporation Class A Ordinary Shares
CUSIP#: G66139109
Symbol: NAAC
Last Trading Date: January 26, 2023
Marketplace Effective Date for Suspension: January 27, 2023
Redemption rate: Approximately $10.13 per Common Stock
Company Name & Issue Type: North Atlantic Acquisition Corporation Warrant
CUSIP#: G66139125
Symbol: NAACW
Last Trading Date: January 26, 2023
Marketplace Effective Date for Suspension: January 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: North Atlantic Acquisition Corporation Unit
CUSIP#: G66139117
Symbol: NAACU
Last Trading Date: January 26, 2023
Marketplace Effective Date for Suspension: January 27, 2023
Redemption rate: Approximately $10.13 per Common Stock


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