NEW
YORK, Dec. 1, 2022 /PRNewswire/ -- Altimeter
Growth Corp. 2 (NYSE: AGCB) (the "Company") announced the following
today:
- 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
- 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 (the "Public Shares")
at a per-share redemption price of approximately $10.11.
As of the close of business on December
21, 2022, the Public Shares will represent the right to
receive the redemption amount. Upon redemption such Public Shares
will be deemed cancelled.
To provide for fund disbursements from the trust account, the
Company has instructed the trust account's trustee to take all
necessary actions to liquidate the trust account. The trust
account's proceeds will be held in a non-interest bearing account
while awaiting disbursement to the holders of the Public
Shares.
Record holders may redeem their shares for their pro-rata
portion of the trust account's proceeds by delivering their Public
Shares to Continental Stock Transfer & Trust Company, the
Company's transfer agent. Beneficial owners of Public Shares
held in "street name," however, will not need to take any action to
receive the redemption amount. The redemption of the Public
Shares is expected to be completed on December 21, 2022.
The Company's initial stockholders have waived their redemption
rights with respect to its outstanding common stock issued before
the Company's initial public offering.
About Altimeter Growth Corp.
2
The Company is a blank-check company organized to effect a
merger, share exchange, asset acquisition, share purchase,
recapitalization, reorganization, or other similar business
combination with one or more businesses or entities.
Forward-Looking
Statements
This press release may include "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements are based on the beliefs
and reasonable assumptions of management, and actual results could
differ materially from those contemplated by the forward-looking
statements as a result of certain factors detailed in the Company's
filings with the SEC. The Company undertakes no obligation to
update any forward-looking statements after the date of this
release, except as required by law.
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SOURCE Altimeter Growth Corp. 2