NEW YORK, Dec. 04, 2023 (GLOBE NEWSWIRE) -- Acropolis Infrastructure Acquisition Corp. (NYSE:ACRO) (the "Company"), a publicly-traded special purpose acquisition company, today announced that it will liquidate and dissolve the Company in accordance with the provisions of the Company's amended and restated certificate of incorporation, as amended (the "Certificate of Incorporation"). Accordingly, the Company will redeem all outstanding shares of Class A common stock, par value $0.0001 (the "public shares"), effective as of December 19, 2023.
As stated in the Certificate of Incorporation, if the Company is unable to complete an initial business combination by July 13, 2024, or such earlier date as determined by the Company's board of directors (the "Board") in its sole and absolute discretion, the Company will: (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but not more than ten business days thereafter subject to lawfully available funds therefor, redeem 100% of the public shares in consideration of a per-share price, payable in cash, equal to the quotient obtained by dividing (A) the aggregate amount then on deposit in the trust account including interest not previously released to the Company to pay its taxes (less up to $100,000 of such net interest to pay dissolution expenses), by (B) the total number of then outstanding public shares, which redemption will completely extinguish rights of the holders of the public shares (including the right to receive further liquidating distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company's remaining stockholders and the Board in accordance with applicable law, dissolve and liquidate, subject in each ...