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Thursday, July 20, 2023

Equity Corporate Actions Alert #2023 - 418
Information regarding the redemption of Bilander Acquisition Corp. (TWCB/W/U)

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  • Industry Announcement

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Bilander Acquisition Corp. (TWCB/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 July 25, 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: Bilander Acquisition Corp. Class A Common Stock
CUSIP#: 09001T106
Symbol: TWCB
Last Trading Date: July 25, 2023
Marketplace Effective Date for Suspension: July 26, 2023
Redemption rate: Approximately $10.25 per Class A Common Stock
Company Name & Issue Type: Bilander Acquisition Corp. Warrant
CUSIP#: 09001T114
Symbol: TWCBW
Last Trading Date: July 25, 2023
Marketplace Effective Date for Suspension: July 26, 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: Bilander Acquisition Corp. Unit
CUSIP#: 09001T205
Symbol: TWCBU
Last Trading Date: July 25, 2023
Marketplace Effective Date for Suspension: July 26, 2023
Redemption rate: Approximately $10.25 per Class A Ordinary Share

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