Altimeter Growth Corp. 2 (AGCB) announced its inability to finalize a business combination within the required time frame, leading to plans for dissolution and liquidation. The company will redeem all Class A common stock shares from its initial public offering at approximately $10.11 per share. This redemption process is expected to be completed by December 21, 2022, with shares deemed canceled upon redemption. The trust account will be liquidated for fund disbursement, while record holders can redeem shares through the transfer agent, with beneficial owners in 'street name' receiving the redemption automatically.
Infogain has appointed Anita Lynch and John Strain to its Board of Directors, enhancing its leadership team. Lynch brings over 25 years of experience in data and analytics, previously serving at major firms like Disney and Amazon. Strain, with more than 30 years in digital business, was previously Chief Digital Officer at The Gap, where he launched a successful loyalty program. Their appointments aim to boost Infogain's AI integration and client expansion in digital platform engineering.
Altimeter Growth Corp 2 (AGC 2) has priced its initial public offering of 40,000,000 Class A ordinary shares at $10.00 each, intending to raise $400 million. The shares will trade under the ticker 'AGCB' on the New York Stock Exchange starting January 7, 2021, with the closing of the IPO set for January 11, 2021. AGC 2 has also arranged a forward purchase agreement for up to 5,000,000 additional shares. The IPO was facilitated by Citigroup, Goldman Sachs, and Morgan Stanley, who have a 45-day option to purchase more shares to cover over-allotments.