Rocket Internet Growth Opportunities announced that it will be unable to complete a deal prior to its March 25deadline and so will redeem shares at a per-share redemption price of approximately $10.22.
The redemption of shares is expected to occur by March 29.
The SPAC expects that the last day of trading on the NYSE will be March 24. The exchange delisted tihe SPACs warrants in December.
Rocket raised $250 million in a March 2021 IPO to focus on companies in the technology sector that could include internet marketplaces, fintechs or startups in the healthcare industry. Read more.
Source: Rocket Internet Growth Opportunities to Redeem and Shut Down