Schorsch SPAC fails to get off the ground
G&P Acquisition Corp.'s announcement that it will liquidate and redeem its shares because of its inability to launch comes after the NYSE said earlier this month that it was delisting the company's warrants.
The Nicholas Schorsch-backed SPAC — the leisure business-focused G&P Acquisition Corp. — failed to make an acquisition before its Nov. 15 deadline, requiring the company to liquidate and redeem its shares, according to an announcement by the company Tuesday.
The inability of G&P Acq
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