As announced on May 2, 2023, GP Bullhound Acquisition I SE ("GP Bullhound Acquisition") intends to redeem all of its outstanding class A shares. Thereafter, it will cease all operations except for those required to liquidate GP Bullhound Acquisition in accordance with its articles of association and Luxembourg law.
The redemption price will be €10.25 plus a pro-rata share of the net interest earned on the funds held in escrow. The amount of positive interest per share will be rounded down to the nearest whole euro cent. Holders of class A warrants will not receive any distributions from the escrow account. Redemption of the Public Shares and disbursement of the respective redemption price will occur via the clearing system pursuant to the indicative timeline as set out below.
The last day of trading on Euronext Amsterdam of the class A shares and the class A warrants is expected to be June 7, 2023.
The costs relating to the liquidation and dissolution of GP Bullhound Acquisition will be covered by the proceeds that were raised from the founder.
Indicative Timetable
The timetable below sets forth expected key dates of the redemption process:
Event / Date
Last day of trading on Euronext Amsterdam of class A shares and class A warrants / June 7, 2023
Delisting of class A shares and class A warrants / June 8, 2023
Record date of class A shares to receive redemption payments / June 9, 2023
Funds released from the escrow account / June 9, 2023
Redemption date/payment date of the class A shares / June 12, 2023
Media Contacts
For media enquiries, please contact Rebecca Fitchett at Milltown Partners: rfitchett@milltownpartners.com
Important Notice
This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of GP Bullhound Acquisition I SE ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," "expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of GP Bullhound Acquisition I SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. GP Bullhound Acquisition I SE undertakes no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. GP Bullhound Acquisition I SE accepts no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions. This announcement is related to the disclosure of information that may qualify or may have qualified as inside information within the meaning of Article 7 para. 1 of the Regulation (EU) No. 596/2014 on market abuse (Market Abuse Regulation).
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