TCV Acquisition to Dissolve April 13

TCV Acquisition said it will not be able to complete a deal on deadline, and so will liquidate April 13.

The per-share redemption price is expected to be approximately $10.24.

The SPAC raised $350 million in an IPO nearly two years ago.

TCV is led by Chairman Jay Hoag, who co-founded Technology Crossover Ventures in 1995 and has been a venture capitalist and technology investor for more than 37 years. 

The SPAC was focused on the software, internet, and FinTech sectors. Read more.

Source: TCV Acquisition to Dissolve April 13