Valor Latitude Acquisition said it will redeem all outstanding shares and wind up operations effective May 4, because it will not close a deal by its May 6 deadline, which marks the two-year anniversary of the SPAC’s $200 million IPO.
Valor was pursuing business combinations with technology-enabled Latin American companies, but never announced a deal.
Net of taxes and dissolution expenses, the per-share redemption price is expected to be approximately $10.27. Read more.
