Osiris Acquisition Redeems Stock and Plans Liquidation

Osiris Acquisition (OSI) has issued an update.

Osiris Acquisition Corp. is set to redeem all of its outstanding Class A common stock from its initial public offering, as it won’t be able to complete an initial business combination by the deadline of May 18, 2024. The redemption will be effective at the close of business on May 30, 2024, with an expected per-share price of about $10.68, minus certain expenses. Following the redemption, the company plans to dissolve and liquidate, with the Public Shares stopping trading on May 17, and holders receiving the redemption amount without the need for action by those holding shares in “street name.” Warrants will expire worthless, and the company will delist its securities and terminate their registration.

For detailed information about OSI stock, go to TipRanks’ Stock Analysis page.