Conyers Park, now known as Advantage Solutions Inc., in an 8-K filing disclosed that shareholders redeemed $323.1M in stock following the closing last week of the business combination. Holders of 32,114,818 shares of Conyers Park’s common stock sold in its IPO exercised their right to redeem the shares for a full pro rata portion of the trust account, calculated as of two business days prior to the consummation of the business combination on Oct. 28. At closing, the company also completed a PIPE Investment and issued stock for proceeds of $855.4M. Read more.
Conyers Park II Discloses $323M in Redemptions
