Waverley Capital 1 Shuttering in September  | SPAC Feed

Waverley Capital Acquisition 1 today announced that it will redeem all outstanding shares effective Sept. 8 because the company will not complete a deal by deadline.

The per-share redemption price will be approximately $10.37. The balance of the trust as of June 30 was almost $223 million, which includes approximately $2.6 million in interest income.

Waverley Capital 1 raised $200 million in an ipo two years to target companies focused on media, technology or entertainment. Read more.

Source: Waverley Capital 1 Shuttering in September 

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• Source: https://spacfeed.com/waverley-capital-1-shuttering-in-september