Coliseum Acquisition Corp. Announces Redemption Reversals and Potential Purchases of Public Shares

Coliseum Acquisition Corp. (NASDAQ: MITA) has recently disclosed key information regarding redemption reversals and potential purchases of public shares in connection with its upcoming meetings. As per the latest 8-K filing submitted to the Securities and Exchange Commission (SEC) on December 19, 2024, shareholders have the opportunity to reverse their redemptions by a specified deadline.

The Company, which is scheduled to hold two extraordinary general meetings at the offices of White & Case LLP on December 23, 2024, has set the redemption deadline for both meetings on December 19, 2024, at 5:00 p.m. ET. Shareholders participating in these meetings can submit their public shares for redemption, with an estimated redemption price of approximately $11.39 per public share.

Furthermore, Coliseum Acquisition Corp. has decided to allow redeeming shareholders to reverse their redemptions until 5:00 p.m. ET on December 20, 2024, without requiring approval from the Company or its sponsor. Shareholders interested in reversing their redemption requests can do so by contacting the Company’s transfer agent, Continental Stock Transfer & Trust Company.

In addition to the redemption reversals, certain third-party non-affiliated investors have expressed intentions to purchase up to approximately 200,000 Public Shares in the open market ahead of the meetings and choose not to redeem these shares. While definitive agreements for these purchases are pending, there is no guarantee that all or any of the indicated shares will be bought.

Coliseum Acquisition Corp. had previously entered into a Business Combination Agreement with Rain Enhancement Technologies, Inc. (“RET”) and Rain Enhancement Technologies Holdco, Inc. (“Holdco”), among others, for a business combination deal. This agreement was declared effective by the SEC on December 10, 2024, with a Proxy Statement/Prospectus providing detailed information about the transaction.

Investors and security holders interested in obtaining additional information related to the Business Combination or the Extension, and any associated document filings, are advised to refer to the exhibits and statements available in the official SEC filings for Coliseum Acquisition Corp., RET, and Holdco. It is encouraged that shareholders review all pertinent documents before making any voting or investment decisions.

Participants in the solicitation include Coliseum Acquisition Corp., RET, Holdco, as well as their directors and executive officers. Any updates or amendments to forward-looking statements are subject to the information contained in these filings, highlighting factors that may impact actual results, and emphasizing the importance of considering all risks and uncertainties associated with such transactions.

Investors should be cautious and not overly rely on forward-looking statements, as these serve as anticipatory statements rather than guarantees of future outcomes. The Company, its affiliates, and management teams continually update and revise their forward-looking statements, maintaining transparency and compliance with legal obligations.

This SEC filing does not serve as an offer or solicitation to purchase securities or provide recommendations for investment decisions. Any such actions should comply with jurisdictional regulations and are dependent on lawful practices to avoid any unlawful exchanges or transactions in securities.

The 8-K filing was officially signed by Oanh Truong, Chief Financial Officer, and interim Chief Executive Officer of Coliseum Acquisition Corp., on December 19, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Coliseum Acquisition’s 8K filing here.

Coliseum Acquisition Company Profile

Coliseum Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Las Vegas, Nevada.