Wejo announces first milestone in TKB Critical Technologies 1 combination

Wejo (WEJO) announced the first milestone in its proposed business combination with TKB Critical Technologies 1 (USCT). TKB was able to retain approximately $53M in its trust account following the redemption deadline for the Class A ordinary shares issued in TKB’s IPO in connection with TKB’s extraordinary general meeting seeking shareholder approval of an extension of the date by which TKB must consummate an initial business combination. TKB shareholders may request to withdraw redemptions at any time until the vote is taken with respect to the extension.