Item 7.01. Regulation FD Disclosure.
upon December 9, 2022, Crypto 1 Acquisition Corporation (“Company”) is unable to complete the initial business combination or fund an extension within the period required by the Company’s amended and amended Memorandum and Articles of Incorporation (“Amended Charter”); Therefore, we have issued a press release announcing the following: The Company intends to dissolve and liquidate pursuant to the provisions of the Amended Charter and to redeem, on a per share basis, all of its Class A Common Stock (“Public Shares”) contained in units issued in the Initial Public Offering. It’s a schedule. – Stock redemption price of approx.
$10.14 (It does not affect interest that may be withdrawn for the payment of taxes and dissolution costs).
at the close of business of December 9, 2022the public shares are deemed canceled and represent only the right to receive the redemption amount.
In order to provide for the disbursement of funds from the Trust Account, the Company has instructed the trustee of the Trust Account to take all necessary steps to liquidate the securities held in the Trust Account. The proceeds of the trust account are held in a non-interest-bearing account pending payment to holders of public shares.Record holders may Continental Stock Transfer & Trust Company, our transfer agent. However, beneficial owners of public shares held in “street name” are not required to take any action to receive the redemption amount. Redemption of the public shares is expected to be completed within 10 business days thereafter. December 19, 2022.
Our sponsors have agreed to waive any redemption rights with respect to shares of Class B common stock issued prior to our initial public offering.
There are no redemption rights or liquidation distributions with respect to our warrants that expire without value.
A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Materials.
(d) Exhibits
Exhibit No. Description
99.1 Press Release, dated December 9, 2022
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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