LDH Growth I, a SPAc created by SoftBank, announced plans to redeem shares and liquidate effective March 23 because it will not meet its deadline for closing a merger.
The per-share redemption price will be approximately $10.20, according to a press release. The balance of the trust as of March 10 was nearly $235 million. The SPAC expects to retain $100,000 of the interest and dividend income from the trust to pay dissolution expenses.
The SPAC raised $200 million in a march 2021 IPO to target technology companies in Latin America. Read more.
