Class Acceleration shareholders voted yesterday in favor of a deadline extension from January to June 2023, however, given the option, the SPAC’s board voted to liquidate before Dec. 31.
Class Acceleration raised $225 million in a January 2021 IPO to target companies in education technology.
Class Acceleration is led by Co-Executive Chairman Joseph Parsons, who is a managing member of private investment firm 1913 Ventures. Co-Exeutive Chairman Robert Daugherty is dean of the Forbes School of Business & Technology. Read more.
Source: Class Acceleration Announces Liquidation