Global Synergy Acquisition in a press release said it will redeem all of its outstanding Class A ordinary shares effective July 26 because the company will not consummate an initial business combination within the required time period.
The SPAC raised almost $259 million in a January 2021 IPO with plans to target companies that could benefit from the management team’s operational and investing expertise in the IT Services and Business Process Outsourcing sectors.
The per-share redemption price for the public shares will be approximately $10.01. Read more.
