UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 8.01. Other Events.
As previously disclosed, the board of directors (the “Board”) of LAVA Medtech Acquisition Corp. (the “Company”) has elected to abandon and not implement the extension that was approved by stockholders on April 25, 2023 and intends to dissolve and liquidate in accordance with the provisions of its Amended and Restated Certificate of Incorporation.
The Company will redeem (the “Redemption”) all of the outstanding shares of Class A common stock that were included in the units issued in its initial public offering (the “Public Shares”), at a per-share redemption price of approximately $10.44 (the “Redemption Amount”) after the payment of taxes and dissolution expenses. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless. On the date of Redemption, the Public Shares will be deemed cancelled and will represent only the right to receive the Redemption Amount. The Redemption is expected to be completed on May 15, 2023.
The Company expects that The Nasdaq Stock Market LLC will file a Form 25 with the United States Securities and Exchange Commission (the “SEC”) to delist the Company’s securities. The Company thereafter expects to file a Form 15 with the SEC to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended. The Company anticipates that its securities, including the Public Shares, will cease trading at or around the close of business on May 12, 2023.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LAVA MEDTECH ACQUISITION CORP. | ||
| By: | /s/ Anthony Natale | |
| Name: | Anthony Natale | |
| Title: | Chief Executive Officer | |
Dated: May 10, 2023