10:59 AM EDT, 09/25/2024 (MT Newswires) -- Berenson Acquisition Corp. I ( BACA ) said Wednesday it will dissolve and liquidate following the termination of its merger agreement with Custom Health.

The special purpose acquisition company said it will not complete the initial business combination by Sept. 30 as required, and thus will have to cease all operations. Its securities will continue to trade on NYSE American until Friday.

Berenson said it expects a redemption price of about $10.69 per share for its class A common stock.

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