Green Visor Financial Technology Acquisition I in an 8-K filing said it will redeem stock and liquidate, effective May 12, as management believes closing a deal by deadline will not be possible.
Four board members resigned last Friday, the SPAC added.
The per-share redemption price will be approximately $10.59, according to the filing. The balance of the trust account as of May 1 was approximately $212 million.
Green Visor raised $174 million in a November 2021 IPO with plans to target companies engaged in fintech. Read more.
