Corsair Partnering announced that it will redeem shares and shut down effective July 11, because the company will not complete a merger by deadline. Trading in Corsair stock will end after July 6.
The per-share redemption price is expected to be approximately $10.37.
Corsair raised $250 million in an IPO two years ago to target high-growth, asset-light businesses “that operate at the crossroads of technology transformation and financial services complexity,” but never announced a deal. Read more.
