TZP Strategies Acquisition said it will redeem all of outstanding Class A ordinary shares effective at the close of business Jan. 23, because the company will not complete a deal within deadline.

The per-share redemption price is expected to be $10.14.

The SPAC raised $287.5 million in an ipo two years ago. TZP was targeting companies in the technology and business services as well as consumer products and services industries. Read more.

Source: TZP Strategies Acquisition will Redeem Stock and Shut Down