Advanced Merger Partners to redeem public shares and cancel business combination

Advanced Merger Partners will redeem all of its outstanding shares of Class A common stock, effective as of December 15, if stockholders approve a proposed amendment to its Amended and Restated Certificate of Incorporation and a proposed amendment to its investment management trust agreement dated March 1, 2021, with Continental Stock Transfer & Trust, at the special meeting to be held on December 14. There can be no assurance that the company's stockholders will approve the Early Termination Proposals and that the company will redeem the public shares. Currently, the company's Charter provides that it has until March 4, 2023 to complete its initial business combination and, if it does not complete an initial business combination by March 4, 2023, it will cease all operations except for the purpose of winding up, as promptly as possible but not more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, divided by the number of then outstanding public shares, which redemption will completely extinguish public stockholders' rights as stockholders, and as promptly as reasonably possible following such redemption, liquidate and dissolve, subject in to applicable law. Holders of public shares may elect to redeem all or a portion of their public shares in exchange for their pro rata portion of the funds held in the trust account. The company expects to complete the Voluntary Redemption on or around December 14 if stockholders approve the Early Termination Proposals. The per-share redemption price for the public shares is expected to be approximately $10.08 on the Redemption Date. There will be no redemption rights or liquidating distributions with respect to the Company's warrants, which will expire worthless. The company expects that the last day of trading of its units and Class A common stock on the NYSE will be December 14, following which, the company expects that the NYSE will delist its securities on or about December 15.