Altitude Acquisition Corp. Announces Liquidation of Trust Account
ATLANTA, March 12, 2024 (GLOBE NEWSWIRE) — Altitude Acquisition Corp. (Nasdaq:ALTUU, ALTU, ALTUW) (the “Company”), today announced that it will redeem all of its outstanding shares of Class A common stock initially issued as part of the units sold in its initial public offering (the “Public Shares”), effective as of March 12, 2024, because the Company will not consummate an initial business combination within the time period required by its amended and restated certificate of incorporation. The Company further announced that it will not proceed with the previously-announced hearing before a hearings panel of the Nasdaq Stock Market (“Nasdaq”) with respect to Nasdaq IM-5101-2, which requires that a special purpose acquisition company complete one or more business combinations within 36 months of the effectiveness of its initial public offering registration statement. Accordingly, the Company’s securities will be delisted from Nasdaq.