Edi Truell will offer Disruptive Capital Acquisition Co shareholders the chance to tender most of their stock while allowing him more time to finalise a merger, Sky News understands.
A prominent City financier is trying to breathe new life into his listed acquisition vehicle by pledging to return a profit to shareholders while continuing the hunt for a merger target.
Under the terms of the offer, shareholders in the special purpose acquisition company will be able to tender up to 95% of their stock at a price equivalent to £10.25-a-share. DCAC had agreed a combination with Denmark's Saxo Bank, a retail and derivatives broker, but announced earlier this month that the merger was being abandoned.
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