Lefteris Acquisition in an 8-K today disclosed it will redeem all shares of outstanding Class A common stock at a per-share price of approximately $10.06. The SPAC said it will be unable to complete a deal before its deadline.
As of the close of business on Oct. 24, the shares will be deemed cancelled and will represent only the right to receive the redemption amount.
The SPAC raised $225 million in an October 2020 IPO with plans at that time to target a fintech business.
CEO Karl Roessner from September 2016 to August 2019 was CEo and a board member of E*TRADE Financial. Read more.
