Alpha Partners Technology Merger today announced that it will redeem all Class A shares effective Dec. 27. Because its letter-of-intent to combine with Glowforge has been terminated, the SPAC’s board has determined that it is in the best interests of shareholders to liquidate, according to the announcement. Glowforge manufactures 3D laser printers.
Net of taxes and dissolution expenses, the per-share redemption price is expected to be approximately $10.67.
The company said it anticipates that shares will cease trading at the close of business Dec. 26.
Alpha Partners Technology raised $250 million in a July 2021 IPO. Read more.
