Lead Edge Growth Opportunities announced that it will begin redeeming shares effective at the close of business March 15, because the SPAC will not complete a deal by deadline.
The per-share redemption price will be approximately $10.20. The balance of the trust as of Feb. 27 was approximately $352 million, which includes about $52 million in interest and dividend income.
Lead Edge raised $300 million in an IPO two years ago to pursue opportunities with high-quality software, Internet and technology-enabled companies. Read more.
