Stockholders of KL Acquisition approved a charter amendment allowing the SPAC to unwind and redeem outstanding public shares prior to Dec. 30.
KL Acquisition said 28,391,446 public shares of Class A stock have been tendered for redemption, leaving 358,554 shares outstanding. Those will be redeemed by Dec. 22.
The SPAc rainsed $250 million in an IPO two years ago with plans to target a company in the life sciences, including medical devices, diagnostics and life sciences tools and instrumentation. Read more.
