Last night, Altimeter Growth Corp. 2 announced that the company anticipates that the company cannot consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association and accordingly, the company intends to dissolve and liquidate in accordance with the provisions of its Amended and Restated Memorandum and Articles of Association. As part of that dissolution and liquidation, the company will redeem all of the outstanding shares of Class A common stock that were included in its initial public offering at a per-share redemption price of approximately $10.11. As of the close of business on December 21, the public shares will represent the right to receive the redemption amount. Upon redemption such public shares will be deemed cancelled.
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