G Squared Ascend II said that it will redeem all outstanding Class A shares effective at the close of business June 16 because the company will not complete a deal by its deadline.
The per-share redemption price will be approximately $10.44.
After raising $125 million in an IPO two years ago this week, the SPAc was focused on opportunities that fall within what it calls six core megatrends: Software-as-a-Service, Online Marketplaces, Mobility 2.0/Logistics, Fintech/Insurtech, New Age Media, and/or Sustainability.
Sister SPAC G Squared Ascend I shut down in January after failing to complete a deal by deadline. Read more.
