By Dean Seal
Blank-check company Iconic Sports Acquisition plans to redeem its issued shares because it won’t be able to complete an initial business combination with Eagle Football.
The special purpose acquisition company said Monday that it will redeem shares on Oct. 11 after its deadline for consummating a merger passes.
Iconic Sports said its previously announced agreement to combine with Eagle Football Holdings has expired.
The per-share redemption price will be about $10.82.
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