Lazard Growth Acquisition I announced that it will redeem all of its outstanding Class A shares and shiut down effective Feb. 22 because the SPaC will not close a deal within deadline.
Net of taxes and dissolution expenses, the per-share redemption price is expected to be approximately $10.19.
Lazard Growth raised $575 million in an IPO two years ago. The SPAC was targeting growth-oriented subsectors of the healthcare, technology, energy transition, financial and consumer sectors. Read more.
