MSD Acquisition in an 8-K said it will redeem shares and shut down effective March 29 because it will not get a deal done by its deadline.
The per-share redemption price will be approximately $10.22. The trust balance as of March 13 was approximately $588 million, including $13.2 million in interest.
The SPAC raised $575 million in a March 2021 IPO to target growth-oriented sectors, including technology and media. Read more.
