Ceres Acquisition Corp. Announces the Mutually Agreed Termination of Its Business Combination Agreement With Parallel

Ceres Acquisition Corp. (NEO: CERE.U, CERE.WT; OTCQX: CERAF) (“Ceres” or the “Corporation”) today announced the mutually agreed termination, effective immediately, of its Business Combination Agreement dated February 21, 2021 (the “BCA”) with SH Parent, Inc. (“Parallel”).

Ceres intends to continue to pursue the completion of a qualifying transaction prior to the qualifying transaction deadline of March 3, 2022 (unless that date is extended, with shareholder approval).

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