Primavera Capital Acquisition today announced that its shareholders approved the business combination with Lanvin, a global luxury fashion group.
The business combination is expected to close Dec. 14. Upon completion of the transaction, Lanvin Group will begin trading Dec. 15 on the NYSE under the ticker symbol LANV.
Redemption figures were not mentioned in the press release nor in a subsequent 8-K filing. The parties last week had agreed to eliminate the minimum $350 million cash condition for closing. Additionally, the SPAC said its sponsor surrendered 6 million Class B shares, leaving the sponsor with shares valued at about $5 million. Read more.
