SPACs Warburg Pincus Capital I-A and I-B announced each will dissolve and redeem shares March 10 after failing to secure a merger partner by deadline.
The per-share redemption price for each SPAC is expected to be $10.20.
I-A raised $250 million and I-B raised $500 million in March 2021 IPOs. Both were targeting companies that offered strong fundamental growth and that could benefit from Warburg Pincus' experience, according to the original S-1 filings. Read more.