SPAC Ribbit LEAP redeemed its shares

Investment result excluding commissions: -20%.

SPAC was unable to find a suitable company to merge with by Sept. 10, as required by its Articles.

The investment in Ribbit LEAP was introduced on our platform in March 2021 at $12.53 per share. In early August, fintech-focused venture capital firm Ribbit Capital announced plans to liquidate LEAP and return the funds to investors. The investment closed on October 13 at $10. Its result excluding commissions: -20%.

The result will show in your account shortly. You can build a diversified portfolio of pre-IPO companies on the UT platform.