Less than a week after “indefinitely” adjourning a shareholder meeting on an extension vote, Silver Spike Acquisition II said it will redeem shares and liquidate effective March 27. The two-year anniversary of the SPAC’s $250 million IPO closing is today.
The per-share redemption price for the Class A Ordinary Shares is expected to be approximately $10.22.
Silver Spike II and life science company Eleusis called off a merger last June, citing unfavorable market conditions.
The cannabis-focused SPAC is led by Scott Gordon, founder and CEO, who co-founded Egg Rock Holdings, parent company of the Papa & Barkley family of cannabis products. Read more.
