- SPAC Vy Global Growth ( NYSE: VYGG ) said Monday it will redeem all outstanding class A shares and dissolve, effective as of business close on Oct. 6 as it will not close a merger within the time required.
- VYGG will cease all operations as of Oct. 6, except those required to wind up its business.
- The per-share redemption price for the shares will be ~$10.06.
- Current balance of VYGG's trust account is ~$578.5M.
- There will be no redemption rights or liquidating distributions with respect to VYGG's warrants, which will expire worthless.
For further details see:
SPAC Vy Global Growth to dissolve