Stockholders of Mission Advancement approved a proposal to allow the company to unwind and redeem all of its outstanding public shares prior to Dec. 30. In connection with the vote, holders of 34,035,401 public shares redeemed at a price of approximately $10.07 per share, for an aggregate redemption of approximately $342,841,438.
Mission Advancement raised $300 million in March 2021 IPO to focus on consumer-oriented companies. The SPAC was co-sponsored by former NFL quarterback Colin Kaepernick and The Najafi Companies. Read more.
