Elliott Opportunity II announced it will redeem all outstanding shares effective July 11 because the company will not complete a business combination by deadline.
The per-share redemption price is expected to be approximately $10.36. Shares are expected to cease trading on June 30.
The SPAC raised $530 million in an IPO two years ago to identify and acquire a business within the technology and technology-enabled services industry, although no deal was ever announced. Read more.
