VPC Impact Acquisition II will Redeem Stock and Shut Down

Victory Park Capital

VPC Impact Acquisition Holdings II said it will redeem shares on March 21because it will not close a deal by its deadline.

The per-share redemption price is expected to be approximately $10.21.

The SPAC a year ago called off a $2.5B deal with Kredivo, which provides customers in Southeast Asia instant credit financing for e-commerce and offline purchases, as well as personal loans.

VPC Impact II raised $225 million in an IPO two years ago to pursue a business combination with a global high-growth business in the Fintech industry with operations predominantly outside of the United States and an enterprise value of approximately $800 million to $3 billion. Read more.

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