Motive Capital Corp II will Redeem its Class A Ordinary Shares and will not Consummate an Initial Business Combination

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May 25, 2023

Motive Capital Corp II (NYSE: MTVC) (the “Company”), a publicly-traded special purpose acquisition company, announced today that, because the Company will not consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association (the “Articles”), the Company intends to liquidate and dissolve in accordance with the provisions of the Articles, and will redeem all of its outstanding Class A ordinary shares, par value $0.0001 (the “Public Shares”), effective as of the close of business on June 9, 2023.