Acropolis Infrastructure To Dissolve, Redeeming All Outstanding Shares By December 19
The per share redemption price for the public shares will be approximately $10.49, less amounts required to pay the Company's tax obligations (the "Redemption Amount"). The balance of the trust account as of December 4, 2023 was approximately $84,040,779.58, which includes approximately $4,032,789.58 in interest income. In accordance with the terms of the related trust agreement, the Company expects to retain up to $100,000 of the interest income from the trust account to pay dissolution expenses and amounts required to pay the Company's tax obligations. Prior to the withdrawal of amounts required to pay the Company's tax obligations, there is expected to be a total of approximately $83,940,779.58 available for redemption of the 8,000,799 public shares outstanding.
The last day that the Company's securities will trade on the New York Stock Exchange ("NYSE") will be December 18, 2023. As of December 19, 2023, the public shares will be deemed cancelled and will represent only the right to receive the Redemption Amount.