London's first SPAC suspends shares

Liquidation

Hambro Perks’ special purpose acquisition company – London’s first SPAC – has requested to suspend its own shares from today (2 May).

In a regulatory filing, Hambro Perks Acquisition Company said it decided to suspend the listing of its public shares and public warrants, after a consultation with the Financial Conduct Authority. The move was due to a delay in publishing its annual report and financial statements for the year ended 31 December 2022, as the SPAC recently entered liquidation. Hambro Perks co-founder and CEO quietly exits HPAC explained it was "required to publish its audited annual report by 30 April 2023" but, following its decision to "cease operations" and redeem its class A ordinary shares of "n...