E.Merge Technology Acquisition Corp. (NASDAQ:ETAC) (the “Company”) announced today that, due to its inability to consummate an initial business combination within the time period required by its Second Amended and Restated Certificate of Incorporation, as amended (the “Amended Charter”), the Company intends to dissolve and liquidate in accordance with the provisions of its Amended Charter, effective as of the close of business on September 4, 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 $10.06.
Market Volatility Decreases As S&P 500 Notches Gains For 4th Straight Week
U.S. stocks closed higher on Friday, also recording gains for the week.
Signs that inflation may have peaked boosted overall market sentiment, which resulted in the S&P 500 and the Nasdaq recording gains for the fourth week in a row.
