Shareholder redemptions were effectively 0%, at 0.02%. Complete official results of the vote and shareholder redemption will be included in a Current Report on Form 8-K to be filed by AGC with the Securities and Exchange Commission, the company said in a statement.
Grab announced its intentions to go public in the US through a SPAC transaction in partnership with AGC on April 13. AGC is sponsored by Altimeter Growth Holdings, part of the Altimeter Capital Markets Platform.
The transaction values the business combination at US$40 billion, making it the world’s largest SPAC deal. As part of the deal, Grab will receive US$4.5 billion, including US$4 billion in private investment.
