Corner Growth Acquisition 2 won shareholder approval for a deadline extension from June 21 to July 21, according to a regulatory filing.
However, share redemptions wiped out more than $111 million from the SPAC’s trust, leaving about 40% of shares outstanding.
After the redemptions, the balance in the company’s trust account will be approximately $74.15 million.
The SPAC raised $175 million in an IPO a year ago this month. Corner Growth 2 is focused on the technology industry in the United States and other developed countries. Read more.
