Fintech-focused Independence Holdings said it will redeem shares and liquidate effect March 10.
The per-share redemption price for the public shares will be approximately $10.20. The balance of the trust as of Feb. 22 was approximately $506 million, including about $10.2 million in interest and dividend income.
The SPAC initially raised $435 million two years ago to concentrate on FinTech, software and tech-enabled services companies.
Independence is led by Co-Chairman and Director Steven McLaughlin. He is the CEO and 100 percent beneficial owner of FT Partners, which he founded in 2001. Read more.
