Schultze Special Purpose Acquisition II announced last night that it will redeem shares and liquidate effective Oct. 11. The SPAC said its board determined it will not meet the Oct. 13 deadline for completing a deal.
The per-share redemption price is expected to be approximately $10.58.
Shultze II raised $150 million in an October 2021 IPO to target companies that may be experiencing liquidity constraints, are financially stressed or have experienced and emerged from a financial restructuring. The SPAC never announced a deal. Read more.
