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SPAC Athlon to liquidate, raised $276M in IPO with eye on wellness sector (NASDAQ:SWET)

by Euro Times
November 10, 2022
in Markets
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Dzmitry Dzemidovich

SPAC Athlon Acquisition Corp. (NASDAQ:SWET) will liquidate and redeem its outstanding Class A common stock due to its inability to consummate a business combination. 

The SPAC said it will redeem all of its outstanding Class A shares issued during its initial public offering at the rate of $10.06 per share. The shares will be canceled on Dec. 1.

The company’s sponsors and transferees have waived redemption rights to the outstanding Class B share issued prior to the IPO. 

Athlon held its initial public offering in January 2021, raising $276M to secure a business combination in the health and wellness sector. 



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Tags: 276MAthloneyeipoLiquidateNASDAQSWETraisedSectorSPACWellness
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