Tio Tech A said it will redeem shares and liquidate April 24 after failing to complete a business combination by its deadline.
The announcement in the comapny’s 8-K filing did not cite an estimated redemption price for the shares.
Tio Tech A raised $300 million in an IPO two years ago. The Germany-based SPAC was targeting technology companies with an enterprise value greater than $750 million. Read more.
