Deep Lake Capital Acquisition Corp.

Deep Lake Capital Acquisition Corp. operates as a blank check company. It is a special purpose acquisition company which was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. The company was founded by Mark Lavelle, Gary Marino, and Michael Cyrus on November 6th, 2020 and is headquartered in Incline Village, NV.

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NEW YORK--( BUSINESS WIRE )--Deep Lake Capital Acquisition Corp. (the “Company”) (Nasdaq: DLCA, DLCAW and DLCAU), a special purpose acquisition company, announced today that, due to its inability to consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association (the “Articles”), it intends to redeem all of the outstanding Class A ordinary shares that were included in the units issued in its initial public offering (the “Public Shares”), at a per-share redemption price, including accrued interest (net of amounts withheld for taxes and dissolution expenses) of approximately $10.124 (the “Redemption Amount”), and thereafter will dissolve and liquidate in accordance with the Articles. In accordance with the terms of the related trust agreement, the Company expects to retain $100,000 of the interest income from the trust account to pay dissolution expenses.

Deep Lake Capital Acquisition Corp. Announces It Will Redeem Its Public Shares

News for Deep Lake Capital Acquisition Corp. Stock (DLCA)