Hudson Executive Investment II and Hudson III announced today that management will dissolve and liquidate the SPAC because it will not complete an initial business combination within deadline.
All outstanding shares of Hudson II will be redeemed at a per-share price of approximately $10.10, beginning Dec. 21, 2022.
Hudson II raised $200 million in a January 2021 IPO to focus on technology-driven disruptive companies.
Hudson III shares will be redeemed at the same price as Hudson II and starting on the same date, according to a press release.
Hudson III raised $525 million in a February 2021 IPO to target “technology-driven, disruptive companies with desirable growth-oriented characteristics as well as on more mature businesses with attractive cash flow characteristics and long-term, sustainable growth profiles.” Read more.
