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FP Credit Partners II, L.P. and FP Credit Partners Phoenix II, L.P. have terminated their tender offer to purchase up to $75 million of Class A Ordinary shares of Pathfinder Acquisition Corporation (NASDAQ: PFDR). The offer, which was set to expire on January 4, 2023, was priced at $10.00 per share. As a result of this termination, no shares will be purchased, and those already tendered will be returned. Francisco Partners has committed to purchasing $75 million of common stock of the newly public entity as part of its business combination.
FP Credit Partners II, L.P. and FP Credit Partners Phoenix II, L.P. are initiating a cash tender offer to acquire up to 7,500,000 Class A Ordinary shares of Pathfinder Acquisition Corporation (NASDAQ: PFDR) at $10.00 per share. This cash offer is set to expire on January 4, 2023, unless extended. The offer is subject to customary closing conditions and does not include a financing condition. Shareholders interested in tendering their shares must follow the procedures outlined in the Offer to Purchase and related documents, which have been filed with the SEC.
Pathfinder Acquisition Corporation has announced the pricing of its upsized initial public offering of 30 million units at $10.00 each, raising a total of $300 million. The units will trade on Nasdaq under the symbol PFDRU starting February 17, 2021. Each unit comprises one Class A ordinary share and one-fifth of a redeemable warrant, with whole warrants priced at $11.50 per share. The offering is sponsored by HGGC and Industry Ventures, with plans to target growth-oriented businesses. The offering is expected to close on February 19, 2021, subject to customary conditions.