Simon Property Group Acquisition in an 8-K said following shareholder approval of an early wind up, the SPAC will cease operations today. The original termination deadline was Feb. 18, 2023.
Nearly $341 million in stock has already been tendered for redemption, leaving 770,073 shares that will be redeemed for about $10.10 each.
The blank-check company is sponsored by SPG Sponsor, an indirect wholly-owned subsidiary of Simon Property Group.
The SPAC was targeting innovative businesses that operate in the “Live, Work, Play, Stay, Shop” ecosystem. Read more.