Aequi Acquisition said it intends to liquidate on or after Aug. 3.
The board has determined the SPAC cannot complete an initial business combination by its Aug. 24 deadline.
The per share redemption price is estimated at approximately $10.25 per share.
Aequi raised $200 million in a November 2020 IPO and sold a $6 million PIPE to its sponsor concurrent with the offering.
The SPAC was focused on data-centric companies. Read more.
