Disruptive Acquisition I today announced that it will redeem all outstanding Class A shares and liquidate effective April 8 because the SPAC will be unable to complete a business combination within its March 26 deadline.
Net of taxes and dissolution expenses, the per-share redemption price is expected to be approximately $10.85.
The SPAC raised $250 million in a March 2021 IPO to target businesses primarily in the health and wellness, entertainment and consumer-facing technology sectors. Read more.