ScION tech Growth II intends to redeem all outstanding Class A ordinary shares as of Feb. 13 because the SPAC will not complete an initial business combination by deadline.
The SPAC raised $300 milllion in a February 2021 ipo to target technology-enabled businesses that offer specific technology solutions, broader technology software and services in the financial services sector.
The London-based SPAC was led by Executive Chairman and Director Andrea Pignataro, who founded ION Investment Group in 1998 and serves as its CEO. Read more.
Source: ScION Tech Growth II Will Redeem Shares & Dissolve Next Month