Ceres Acquisition Corp. Announces Final Redemption and Cancellation of Special Meeting to seek an Extension to its Permitted Timeline
TORONTO, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Ceres Acquisition Corp. (NEO: CERE.U, CERE.WT; OTCQX: CERAF) ('Ceres' or the 'Corporation') announced to...
TORONTO, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Ceres Acquisition Corp. (NEO: CERE.U, CERE.WT; OTCQX: CERAF) ('Ceres' or the 'Corporation') announced today that its board of directors has determined that the Corporation will be wound-up in accordance with its articles and the policies of the Neo Exchange and that the Corporation's Class A restricted voting shares will be automatically redeemed on or about December 16, 2022. The Corporation's board of directors has determined that it is in the best interests of Ceres and its shareholders to be wound-up as they do not believe, given current market conditions, that an appropriate qualifying transaction can be identified and completed within the Corporation's permitted timeline, as extended.