KL Acquisition Shutting Down Tomorrow

Stockholders of KL Acquisition approved a charter amendment allowing the SPAC to unwind and redeem outstanding public shares prior to Dec. 30.

KL Acquisition said 28,391,446 public shares of Class A stock have been tendered for redemption, leaving 358,554 shares outstanding. Those will be redeemed by Dec. 22.

The SPAc rainsed $250 million in an two years ago with plans to target a company in the life sciences, including medical devices, diagnostics and tools and instrumentation. Read more.


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Source: KL Acquisition Shutting Down Tomorrow