New York, New York, Feb. 24, 2023 (GLOBE NEWSWIRE) -- FinTech Evolution Acquisition Group (the “Company”) (NYSE: FTEV), announced today that due to its inability to consummate an initial business combination within the time period required by its amended and restated memorandum and articles of association (the “Charter”), the Board of Directors of the Company has elected to dissolve and liquidate the Company in accordance with the provisions of its Charter, and will redeem all of the outstanding Class A ordinary shares that were included in the units issued in its initial public offering (the “Public Shares”), at a per-share redemption price currently estimated to be approximately $10.18.
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