Build Acquisition Announces Redemptions, Dissolution

Build Acquisition said it will redeem shares and shiut down effective March 17, as it will not complete an initial business combination by the March 19 deadline.

The per-share redemption price will be approximately 10.21.

Build Acquisition raised $200 million in a March 2021 , saying at the time it would target SaaS, infrastructure software and services, and companies.

The SPAC is led by Chairman and co-CEO A. Lanham Napier, and co-CEO Zeynep Young. Napier is CEO and co-founder of BuildGroup. Young was CEO of Calytera, a Texas-based government technology company acquired in 2020 by Granicus. Read more.


Source: Build Acquisition Announces Redemptions, Dissolution