TPG Pace Tech Opportunities set a Sept. 14 meeting for shareholders to vote on the proposed business combination with online learning platform Nerdy. The registration statement has been declared effective by the SEC.
The transaction values Nerdy at a $1.7 billion market capitalization and would provide up to $750 million in cash proceeds, including a fully committed PIPE of $150 million, forward purchase agreements of $150 million and up to $450 million held in TPG Pace Tech Opportunities’ trust account. Read more.
