BERENSON ACQUISITION CORP. I Berenson Acquisition Corp. I announced that it has entered into a securities purchase agreement to issue 1,000,000 series A convertible preferred shares at a price of $260 per share for the gross proceeds of $260 million on December 21, 2023. The transaction will include participation from new investor, ACM ARRT N LLC.
Each Series A Preferred Share not so converted, will automatically be redeemed by company for $260 per Series A Preferred Share on the first business day after the date of the Closing.
