DNZ D and Z Media Acquisition Corp

Item 8.01. Other Events.

As previously announced, D and Z Media Acquisition Corp. (the “Company”) set a redemption date of February 7, 2023 to redeem all of the outstanding shares of the Company’s Class A common stock, par value $0.0001 per share (the “public shares”), because the Company’s sponsor determined it would not make the previously announced additional contribution to the trust account established in connection with the Company’s initial public offering (the “trust account”), which contribution was required to be deposited in the trust account on January 28, 2023.

On February 7, 2023, the trust account was liquidated and all of the outstanding public shares were redeemed at a per-share redemption price of approximately $10.17 per share. The Company’s initial stockholders waived their redemption rights and any right to receive liquidating distributions with respect to the shares of Class B common stock, par value $0.0001 per share, issued prior to the Company’s initial public offering. There are no redemption rights or liquidating distributions with respect to the Company’s warrants, which will expire worthless.

Additionally, on February 7, 2023, the New York Stock Exchange (the “NYSE”) filed a Form 25 with the U.S. Securities and Exchange Commission (the “SEC”) to delist the Company’s securities. Trading of the Company’s securities on the NYSE was previously suspended as of January 30, 2023. The Company expects to file a Form 15 with the SEC to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended, and to pursue the winding up and dissolution of the Company. The Company’s securities will not be listed or registered on another national exchange or on a quotation medium.

Forward-Looking Statements 

This Current Report on Form 8-K includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Certain of these forward-looking statements can be identified by the use of words such as “believes,” “expects,” “intends,” “plans,” “estimates,” “assumes,” “may,” “should,” “will,” “seeks,” or other similar expressions. Such statements may include, but are not limited to, statements regarding the Company’s expected filing of a Form 15 with the SEC or the winding up and dissolution of the Company. These statements are based on current expectations on the date of this Current Report on Form 8-K and involve a number of risks and uncertainties that may cause actual results to differ significantly, including those risks set forth in the Company’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other documents filed with the U.S. Securities and Exchange Commission (the “SEC”). Copies of such filings are available on the SEC’s website at www.sec.gov. The Company does not assume any obligation to update or revise any such forward-looking statements, whether as the result of new developments or otherwise. Readers are cautioned not to put undue reliance on forward-looking statements.