Welcome to our dedicated page for Altimeter Growth 2 news (Ticker: AGCB), a resource for investors and traders seeking the latest updates and insights on Altimeter Growth 2 stock.
Altimeter Growth Corp 2 (AGCB) was a special purpose acquisition company (SPAC) sponsored by Altimeter Capital Management that has since been liquidated. As a blank check company, AGCB was formed to identify and merge with a private technology company to bring it to the public markets.
This news archive contains the historical announcements and developments related to AGCB during its operational period. Coverage included the company's initial public offering, updates on the search for potential merger targets, and announcements regarding shareholder matters and corporate actions.
Since AGCB has been liquidated without completing a business combination, this page serves as a historical record of the company's activities. Investors and researchers can review past news coverage to understand the timeline of events and the company's trajectory from formation through liquidation.
Please note that AGCB shares are no longer traded and the company no longer files regular updates. The news content available here reflects historical coverage only and should not be considered current or actionable information for investment purposes.
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.
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