LIV Capital Acquisition II mutually terminated its merger agreement with Mexico-based fintech Covalto and announced it will redeem stock effective Dec. 8.
The per-share redemption price is expected to be approximately $10.98.
The $547 million Covalto deal was announced in August 2022. LIV Capital II raised $100 million in a February 2022 IPO.
Both the SPAC and its former target are based in Mexico City. Read more.
