Thu Sep 12 01:40:13 UTC 2024: ## 99 Acquisition Group to Dissolve and Liquidate, Redeem Public Shares at $10.55
**GAITHERSBURG, MD – September 11, 2024** – 99 Acquisition Group, Inc. (Nasdaq: NNAG) has announced it will not proceed with its planned business combination with Nava Health MD, Inc. As a result, the company will dissolve and liquidate on or about September 13, 2024.
The company will redeem all outstanding public shares of common stock at an estimated price of $10.55 per share. These shares will cease to trade on Nasdaq and will be deemed cancelled on September 13, 2024. Shareholders will receive their pro rata portion of the proceeds from the trust account.
Record holders will need to deliver their shares to Continental Stock Transfer & Trust Company, the company’s transfer agent, to receive their redemption proceeds. Beneficial owners holding shares in street name will not need to take any action.
The company has instructed the trustee to liquidate the securities held in the trust account, and the proceeds will be held in a non-interest bearing account until distributed to shareholders.
This announcement follows the company’s earlier announcement of its intention to merge with Nava Health MD, Inc., a provider of telehealth and virtual care services. The reasons for the decision to terminate the merger have not been publicly disclosed.
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