Levere Holdings announced that because it will not complete a deal within deadline the SPAC intends to dissolve and liquidate effective at the close of business March 23.
The per-share redemption price will be approximately $10.20.
Levere raised $250 million in a March 2021 IPO with the goal of combining with a business within the mobility industry.
Levere is led by Chairman and CEO Martin Varsavsky, who built a number of bioscience and tech companies, including Viatel, the first pan-European fiber optic network. Read more.
