Tech and Energy Transition Dissolving March 27

and Transition shareholders denied the SPAC's proposal for a deadline extension, according to an 8-K filing, so the company intends to redeem stock and shutter operations March 27. Payouts are expected to follow March 29.

The vote was 42.46% against an extension, with 36.6% in favor.

The per-share redemption price is expected to be approximately $10.18.

The SPAC raised $385 million in an two years ago to companies that use or facilitate disruptive, differentiated technology to build, enable, service or manage businesses or infrastructure undergoing transformation. Read more.


Source: Tech and Energy Transition Dissolving March 27