Deep Lake Capital will Dissolve Next Week

Deep Lake Capital Acquisition announced today that it intends to redeem all outstanding shares as of Jan. 13.

The per-share redemption amount will be approximately $10.124.

Since it completed its January 2021 , the SPAC said its management team has rigorously searched for appropriate targets.

“Ultimately, however, the company was not able to complete a transaction due to (a) the changing regulatory landscape around , (b) disconnect on valuations, and (c) volatility in capital markets and in deSPAC transactions, which dissuaded good companies from accessing the markets,” Deep Lake said in a statement.

In addition to fintech targets, the SPAC was also focused on ecommerce software, and the data and analytics sectors. Read more.

Source: Deep Lake Capital will Dissolve Next Week