Waverley Capital Acquisition 1 today announced that it will redeem all outstanding shares effective Sept. 8 because the company will not complete a deal by deadline.
The per-share redemption price will be approximately $10.37. The balance of the trust as of June 30 was almost $223 million, which includes approximately $2.6 million in interest income.
Waverley Capital 1 raised $200 million in an IPO two years to target companies focused on media, technology or entertainment. Read more.
