Altimeter Growth Corp. 2 (AGCB) to Liquidate

Altimeter Growth Corp. 2 (NYSE: AGCB) announced this afternoon that it has decided to liquidate its trust due to its inability to complete a business combination.

As part of the liquidation, the company now plans on redeeming all of the outstanding shares of Class A common stock that were included in its IPO at a per-share redemption price of approximately $10.11.

AGCB expects the close of business to be on December 21, and once the shares are redeemed, they will be deemed cancelled.

The SPAC initially announced the pricing of its upsized $400 million IPO in January 2021 with the intention of combining with a technology business with a large and growing addressable market and differentiated architecture. Altimeter 2 was led by Chairman, CEO and President Brad Gerstner and General Counsel Hab Siam.