Omnichannel Acxquisition in a regulatory filing said it will liquidate in June after failing to close a deal within the allotted timeframe. The redemption date is set for June 1 at $10 a share.
The SPAC’s trust account held a balance as of Dec. 31 of $206,541,294, which includes approximately $41,294 in interest and dividend income.
CEO Matt Higgins is CEO and co-founder of RSE Ventures, according to his LinkedIn profile.
Following Omnichannel’s November 2020 IPO, the SPAC last July announced a $1B deal with Kin Insurance. A shareholder vote date was announced in January, but the deal was terminated two weeks later. The parties blamed unfavorable market conditions. Read more.
