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