TPG Pace Beneficial Finance in an 8-K filing said it will liquidate and return cash in trust to investors after failing to complete a deal.
The SPAC’s proposed $969 million merger with EVBox, a subsidiary of ENGIE New Business, collapsed last year.
The trust holds about $350.6 million, according to the latest regulatory filing. The SPAC expects the per-share redemption price to be $10.01. Redemptions will be paid out Oct. 11.
TPG Pace Tech Opportunities II in April withdrew a $450 million IPO. Read more.
