Streetbeat News

APGB

Apollo Strategic Growth Capital II

Open

10.59

Mkt cap

372M

Volume

1.5K

High

10.59

P/E Ratio

37.81

52-wk high

10.81

Low

10.58

Div yield

N/A

52-wk low

9.96

Apollo Strategic Growth Capital II (NYSE:APGB), a SPAC, announced it will liquidate and dissolve, redeeming all outstanding Class A ordinary shares at approximately $10.58 per share. The company will not pursue an initial business combination and will cease operations except for winding up after November 28, 2023. The trust account balance as of November 10, 2023, was about $189.53 million. The company's securities will stop trading on the NYSE on November 27, 2023, and the shares will be cancelled the following day. The company's warrants will expire worthless, and the sponsor has waived redemption rights for founder shares and private placement warrants. APGB will delist from the NYSE and terminate its securities registration.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 11:41 pm

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