Churchill Capital Corp VI Will Redeem Its Public Shares and Will Not Consummate an Initial Business Combination

Provided By PR Newswire

Last update: Nov 17, 2023

NEW YORK, Nov. 17, 2023 /PRNewswire/ -- Churchill Capital Corp VI (NYSE: CCVI) (the "Company"), a publicly-traded special purpose acquisition company, today announced that its board of directors (the "Board") has determined to redeem all of its outstanding shares of Class A common stock, par value $0.0001 (the "public shares") because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Certificate of Incorporation (as amended, the "Certificate of Incorporation"). The previously disclosed non-binding letter of intent has been terminated in accordance with its terms.