Sound Point Acquisition Corp I Ltd

Sound Point Acquisition Corp. I, Ltd. is a blank check company, which engages in 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 on May 4, 2021 and is headquartered in New York, NY.

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NEW YORK--(BUSINESS WIRE)--Sound Point Acquisition Corp I, Ltd (NASDAQ: SPCMU, SPCM, SPCMW) (the “Company”) announced today that, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association (the “Amended Articles”), the Company intends to liquidate and dissolve in accordance with the provisions of the Amended Articles, effective as of June 4, 2023, and will 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 an anticipated per-share redemption price of approximately $10.63.

Sound Point Acquisition Corp I, Ltd Announces it will Redeem its Public Shares and will not Consummate an Initial Business Combination

Sound Point Acquisition Corp I raised approximately $225 million in a recent IPO. The SPAC has not provided meaningful detail in terms of which industries it is going to target for an initial business combination.

Sound Point Acquisition I Raises IPO Funding

News for Sound Point Acquisition Corp I Ltd Stock (SPCM)