DRAY Stock Recent News

WOODSIDE, Calif.--(BUSINESS WIRE)--First paragraph, first sentence of the release dated December 27, 2022, should read: "...redemption price of approximately $10.15, based upon the amount held in the trust account as of September 30, 2022." (instead of "...redemption price of approximately $10.00.") The updated release reads: MACONDRAY CAPITAL ACQUISITION CORP. I ANNOUNCES IT WILL REDEEM ITS PUBLIC SHARES AND WILL NOT CONSUMMATE AN INITIAL BUSINESS COMBINATION Macondray Capital Acquisition Corp. I (NASDAQ: DRAY) (the “Company”) announced today that, because the Company will not consummate an initial business combination within the time period required by its Second Amended and Restated Memorandum and Articles of Association (the “Amended Articles”), the Company intends to liquidate and dissolve in accordance with the provisions of the Amended Articles, effective as of the close of business on January 6, 2023, and will redeem all of the outstanding Class A ordinary shares that w

MENLO PARK, Calif.--(BUSINESS WIRE)--Macondray Capital Acquisition Corp. I (the “Company”) announced today the pricing of its initial public offering of 25,000,000 units at $10.00 per unit. The units will be listed on the Nasdaq Capital Market (“Nasdaq”) in the United States and trade under the ticker symbol “DRAYU” beginning on July 1, 2021. Each unit offered for sale consists of one of the Company’s Class A ordinary shares and one-third of a redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the Nasdaq under the symbols “DRAY” and “DRAYW,” respectively. The offering is expected to close on July 6, 2021, subject to customary closing conditions. B. Riley Securities, Inc. is serving as the sole book-running manager for the offering. The Company ha