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Tio Tech A Shutting Down

Tio A said it will redeem shares and liquidate April 24 after failing to complete a business combination by its deadline.

The announcement in the comapny's 8-K filing did not cite an estimated redemption price for the shares.

Tio Tech A raised $300 million in an IPO two years ago. The Germany-based SPAC was targeting technology companies with an enterprise value greater than $750 million. Read more.


Source: Tio Tech A Shutting Down

Tags: SPACs