InterPrivate IV InfraTech Partners in a press release said it will redeem shares and liquidate, effective today. This follows the sponsor’s decision to not make further contributions to the trust for another deadline extension.
Redemptions are expected to begin April 25, although the per-share amount was not disclosed.
The SPAC raised $250 million in an IPO more than two years ago to concentrate on high growth businesses in the technology, media and telecom infrastructure space, with a focus on target companies with an enterprise value of at least $1 billion. Read more.
