JAWS Hurricane Acquisition Corporation Announces Approximate Redemption Amount For Public Shares Expected To Be $10.25/Share

JAWS Hurricane Acquisition Corporation (NASDAQ:HCNE) (the "Company") announced its board of directors (the "Board") had determined to redeem all of its outstanding shares of Class A common stock, par value $0.0001 per share, previously issued in the Company's initial public offering (the "Public Shares").

As previously announced, the Company anticipates that the last day of trading in the Public Shares will be June 15, 2023. On or about June 23, 2023, the Public Shares will be deemed cancelled and will represent only the right to receive the per-share redemption price for the Public Shares (the "Redemption Amount"). Net of taxes and dissolution expenses, the Redemption Amount is expected to be approximately $10.25.

The Redemption Amount will be payable to the holders of the Public Shares upon presentation of their respective share or unit certificates or other delivery of their shares or units to the Company's transfer agent, Continental Stock Transfer & Trust Company. Beneficial owners of Public Shares held in "street name," however, will not need to take any action in order to receive the Redemption Amount.

There will be no redemption rights or liquidating distributions with respect to the Company's warrants. The Company's initial stockholder has waived its redemption rights with respect to the Company's outstanding Class B common stock, par value $0.0001 per share, issued prior to the Company's initial public offering. After June 15, 2023, the Company shall cease all operations except for those required to wind up the Company's business.

The Company expects that the Nasdaq Stock Market LLC will file a Form 25 with the Commission to delist its securities. The Company thereafter expects to file a Form 15 with the Commission to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended.