Conyers Park III Acquisition said in a statement it will not complete a deal byu its Aug. 12 deadline and will instead redeem stock and liquidate effective Aug. 11.
The SPAC raised $350 million in an August 2021 IPO to focus on the consumer sector.
The per-share redemption amount will be announced later, the SPAC said. Read more.
Source: Conyers Park III Acquisition to Liquidate Next Month