McLaren Technology Acquisition to Liquidate Today

 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 The per-share redemption price is approximately $10.39 (without giving effect to any interest that may be withdrawn to pay for taxes and dissolution expenses).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 to focus on companies within the , financial services and insurance sector that leverage artificial intelligence, machine learning, digital, technology, and fintech. Read more.


Source: McLaren Technology Acquisition to Liquidate Today