AfterNext HealthTech Acquisition in an 8-K said it will redeem shares and liquidate effective Aug. 16 because it will not complete a deal by its deadline.
The balance of the trust as of June 30 was $259,370,188, which includes the $250 million deposited at the time of the SPAC’s IPO nearly two years ago plus $9,370,188 in interest and dividend income.
Net of taxes and up to $100,000 of dissolution expenses, the company currently expects the per-share redemption price will be approximately $10.41 and the last trading day for the shares will be Aug. 15.
The SPAC was formed in partnership with alternative asset firm TPG, which targets healthcare and technology. Read more.
