Empowerment & Inclusion Capital I Corp

Empowerment & Inclusion Capital I Corp. operates as a blank check company. It is a special purpose acquisition company which incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company was founded on May 29, 1999 and is headquartered in New York, NY.

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NEW YORK , Nov. 29, 2022 /PRNewswire/ -- Empowerment & Inclusion Capital I Corp. (NYSE: EPWR) (the "Company") announced today that, because the Company is unable to consummate an initial business combination within the time period required by 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 prior to Dec. 31, 2022, and will redeem all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the Public Shares"), at a per-share redemption price of approximately $10.09. As of the close of business Dec. 14, 2022, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount.

Empowerment & Inclusion Capital I Corp. Announces It Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

News for Empowerment & Inclusion Capital I Corp Stock (EPWR)