Corner Growth Acquisition 2 said its sponsor will deposit 6 cents a share per month into the SPAC’s trust for a merger deadline extension until March 9, 2023. As of Dec. 23, there was approximately $76 million in trust account, or approximately $10.28 per share.
A tender offer was announced in October was extended Dec. 6 and again Dec. 16 because the maximum redemption condition was not met. The offer has again been extended — to Jan. 6 at a purchase price of $10.21 per share.
Corner Growth raised $350 million two years ago this month to target “early-growth stage technology companies that could grow into global category leaders.” Read more.