Sound Point Acquisition I announced today that it will redeem shares and dissolve, havign been unable to close a deal by deadline. The company intends to liquidate effective June 4 and will redeem all outstanding stock at an anticipated per-share redemption price of approximately $10.63.
Focused on technology, media and consumer brands, the SPAC raised $225 million in a March 2022 IPO. Chairman and CEO Stephen Ketchum is the founder, managing partner and CIO of Sound Point, overseeing the firm's investments across all fund offerings. Read more.