TPG Pace Tech Opportunities announced that its stockholders voted Sept. 14 in favor of the proposed business combination with online learning platform Nerdy. About 95% of the voted shares were in support of the merger, the SPAC said.
The transaction is scheduled to close Sept 20, the SPAC said. Stock and warrants are set to begin trading Sept. 21 on the NYSE under NRDY and NRDY WS.
The SPAC’s news release did not mention share redemptions, if any, and TPG Pace as of Wednesday afternoon Sept. 15 had not filed an 8-K with details of the vote.
Announced in January, the transaction valued Nerdy at a $1.7 billion market capitalization. Nerdy was expected to receive up to $750 million.
