The board of Juniper II in an 8-K said the SPAC will not meet its completion deadline and so will be liquidated, with share redemptions effective Oct. 10.
The SPAC priced a $260 million IPO in November 2021 to pursue North American-based targets in the industrial sector with an aggregate enterprise value of $1 billion to $2 billion.
Redemptions ahead of an extension vote in April wiped out 86% of the SPAC’s trust.
Juniper II was led by CEO and Director Murray Grainger, whose 25 years of global industrial experience includes executive positions at ITT and Honeywell. Read more.
