FinServ Acquisition II and its sponsor entered into a non-redemption agreement with one or more unaffiliated parties who'vew agreed to hold 400,000 shares ahead of an extension vote that would give the SPAC until Aug. 22 to complete a deal. In return, FinServ II will give the investors 100,000 shares immediately following completion of a business combination.
FinServ II raised $265 million in a February 2021 ipo to target businesses in the financial technology and financial services industries. Read more.
Source: FinServ Acquisition II Secures Non-Redemption Agreement Covering 400K Shares