vpc impact acquisition holdings II said it will redeem shares on March 21because it will not close a deal by its deadline.
The per-share redemption price is expected to be approximately $10.21.
The SPAC a year ago called off a $2.5B deal with Kredivo, which provides customers in Southeast Asia instant credit financing for e-commerce and offline purchases, as well as personal loans.
VPC Impact II raised $225 million in an ipo two years ago to pursue a business combination with a global high-growth business in the fintech industry with operations predominantly outside of the United States and an enterprise value of approximately $800 million to $3 billion. Read more.
Source: VPC Impact Acquisition II will Redeem Stock and Shut Down