McLaren Technology Acquisition said that due to its inability to complete a merger by deadline it will liquidate today at the close of business. The per-share redemption price is approximately $10.39 (without giving effect to any interest that may be withdrawn to pay for taxes and dissolution expenses).
Redemptions are expected to be completed within 10 business days.
The SPAC raised $175 million in a November 2021 IPO to focus on companies within the banking, financial services and insurance sector that leverage artificial intelligence, machine learning, digital, technology, and fintech. Read more.
Source: McLaren Technology Acquisition to Liquidate Today