Maritime Launch Services Inc. cancelled the acquisition of Ceres Acquisition Corp. (OTCPK:CERA.F) in a reverse merger transaction.
Maritime Launch Services Inc. (NEOE:MAXQ) cancelled the acquisition of Ceres Acquisition Corp. (OTCPK:CERA.F) in a reverse merger transaction on December 7, 2022. As of December 7, 2022, board of directors of Ceres has determined that the Corporation will be wound-up in accordance with its articles and the policies of the Neo Exchange and that the Corporation's Class A restricted voting shares will be automatically redeemed on or about December 16, 2022. The Corporation's board of directors has determined that it is in the best interests of Ceres and its shareholders to be wound-up as they do not believe, given current market conditions, that an appropriate qualifying transaction can be identified and completed within the Corporation's permitted timeline, as extended.