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TCV Acquisition Corp. (Nasdaq: TCVA) announced on March 30, 2023, that it will dissolve and liquidate due to its inability to complete an initial business combination within the required time frame. The Company plans to redeem all outstanding Class A ordinary shares at approximately $10.24 per share. Shareholders must redeem their Public Shares by April 13, 2023, while the final redemption is expected on April 14, 2023. Additionally, TCV plans to delist its securities from Nasdaq and terminate their registration with the SEC. Co-CEO Jake Reynolds stated the decision reflects current market conditions and aims to return capital to shareholders.
TCV Acquisition Corp. announced the pricing of its initial public offering (IPO) of 35 million Class A ordinary shares at $10.00 each, aiming to raise $350 million. The shares will trade on the Nasdaq under the symbol 'TCVA', with trading expected to start on April 16, 2021. The company, formed for mergers and acquisitions, is backed by TCV, which has invested over $14 billion into technology firms. Underwriters have an option for an additional 5 million shares to cover over-allotments. The registration for these securities was declared effective by the SEC.
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